Women are leading the nation’s entrepreneurship charge

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Women and minorities have been fueling the US boom in business creation over the past two years, Bloomberg reports.

A survey finds that almost half of 2021’s new entrepreneurs were women, a significant uptick from 28% in 2019. And the share of new Black business owners tripled to 9%, according to Gusto, a payroll and human resource management business.

The findings confirmed similar gains in separate research by web-hosting company GoDaddy Inc. Among the factors behind the surge in female entrepreneurship: child-care responsibilities. With schools and child care centers still disrupted last year, a growing share of parents — particularly women — started their own business out of necessity.

In the Gusto survey, more than one-quarter of female business owners with school-age children said they created their company in response to increased child care duties. Read the full story.

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