A new NORC research brief “A Profile on U.S. Business Owners: Examining Trends by Gender and Racial Identities” highlights the rising diversity in this population. Based on EPOP:2022 Survey data, this report shows greater levels of diversity among business owners who opened their businesses in recent years. Non-Hispanic Black women and Hispanic individuals (men and women) are becoming business owners at significantly higher rates than in the past (since 2020). Furthermore, EPOP data indicates that the number of non-Hispanic Black female business owners will continue to grow.