By Connie Loizos

The development will undoubtedly be welcome news to women, and particular women of color, who are among a fast-growing percentage of entrepreneurs in the country, according to the Institute for Women’s Policy Research, a 31-year-old, Washington-based nonprofit. According to one of its reports, women of color — who constitute approximately 35 percent of the female population aged 18 and older — owned 929,445 businesses in the United States, representing 17 percent of all women-owned firms, in 1997. By 2014, that number had hit 2,934,500 businesses, or 32 percent of women-owned firms.

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