Demographic Profile of Georgia Small Business Owners

Georgia continues to exhibit a wide spectrum of diversity among the state’s entrepreneurs. The U.S. Small Business Administration Office of Advocacy found that women own 46.1 percent of Georgia businesses, with there being 36,913 female-owned businesses with employees across the state.1

Georgia is also home to 472,976 minority-owned businesses which accounts for 36.6 percent of the state’s businesses.1 Georgia ranks fifth in the nation for states with the most minority-owned businesses.2

The state of Georgia continues to experience population growth with an estimated 10,912,876 people living in Georgia as of 2022. This is a 1.9 percent increase from 2020.3

With Georgia’s business friendly environment and historical results, we can expect to see women-owned and minority-owned businesses continue to grow in both numbers and influence.

Business Ownership Share By Demographic Group

46.1% women-owned

7.6% veteran-owned

36.6% minority-owned

8.4% Hispanic-owned