Women-owned businesses in the United States continue to grow at a faster rate then any other demographic. Not only that, women-owned businesses are generating more revenue, hiring more employees, and contributing more to the national economy. Remarkably, the growth is not just in one state or city, but all over the country amongst all ethnic groups. Women have truly proven themselves to be talented and intelligent business owners.
Below are some facts and statistics, as reported by the local and national government agencies:
Location
* California has 1.3 million women-owned firms, the highest in the country.
* Texas has more than 860,000 women-owned firms, the second highest in the country.
* Washington, DC has the highest percentage of women-owned businesses relative to men-owned and equally-owned at 45%.
* Louisiana has the highest percentage growth of women-owned businesses at 46.9%.
* In terms of growth in combined economic clout (which averages together growth in number, revenue, and employment), North Dakota is the top state for women-owned firms.
Industry
* More than 1.6 million women-owned firms are in the health care and social assistance industry.
* More than 1 million women-owned businesses are in the retail industry.
* Women-owned firms now lead growth in eight of the top 13 industries, reflecting a continued diversification. Sectors where women-owned firms are leading growth include real estate, finance/insurance, and wholesale trade.
* Women-owned firms lag sector growth in two industries - educational services, which has seen the greatest sector growth in the past decade, and retail/trade, which has shown anemic growth overall.
* There are now 9.8 million women-owned businesses in the United States that combined generate more than $1.4 trillion in revenue and employ more than 7.8 million people
* In the United States, women launch more than 1,200 new businesses every single day.
* Between 2007 and 2012, the number of female-owned businesses increased by 26.8%
* As of 2017, only 30% of U.S. businesses are owned by women and they only attract 5% of the nation's equity capital.
Ethnicity
* Since 1997, firms owned by women of color have seen faster growth in terms of total number of firms, employees, and revenue compared with all women-owned firms.
* Firms owned by women of color now account for one in three (32 percent) of women-owned firms in the United States.
* There are more than 1.5 million Black women-owned businesses in the United States, an increase of 66.9% from 2007.
* There are 1.4 million Hispanic women-owned businesses representing nearly 35% of all Hispanic firms in the U.S.
* There are more than 750,000 Asian women-owned businesses in the United States.
Unless otherwise noted, all the facts and statistics on this page came from American Express Open Forum, Mashable.com, and the National Women's Business Council.
