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Inc. Yourself, 11th Edition: How to Profit by Setting Up Your Own Corporation by Judith H. McQuown

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8Especially for Women and Minorities: Taking Advantage of Minority-Supplier Contracts and Business Incubators

Good news and bad news.

Thirty-seven years ago, when I wrote this chapter for the first edition of Inc. Yourself, women entrepreneurs were still a rarity, and minority business owners other than neighborhood retailers were virtually unheard of. Those 37 years have brought many changes.

Women- and minority-owned businesses are now the two fastest-growing sectors of the U.S. economy. And minority women–owned businesses are the fastest-growth category. According to a 2009 report from the Center for Women’s Business Research (founded as the National Foundation for Women Business Owners), in 2009 there were 1.9 million U.S. businesses owned ...

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