The-Barefoot-Executive

Women Owned Business in the United States

Posted on February 3rd, 2009 by Carrie Wilkerson

Did you know that many of the businesses owned in the United States are owned by women?

• 10.1 million firms are owned by women (50% or more), employing more than 13 million people, and generating $1.9 trillion in sales as of 2008.

• Three quarters of all women-owned businesses are majority owned by women (51% or more), for a total of 7.2 million firms, employing 7.3 million people, and generating $1.1 trillion in sales.

• Women-owned firms (50% or more) account for 40% of all privately held firms.

Businesses Owned by Women of Color

• 1.9 million firms are majority-owned (51% or more) by women of color in the U.S.

• These firms employ 1.2 million people and generate $165 billion in revenues annually.

• Between 2002 and 2008, these firms grew faster than all privately held firms.

Million Dollar Businesses

• One in five firms with revenue of $1 million or more is woman-owned.

• 3% of all women-owned firms have revenues of $1 million or more compared with 6% of men-owned firms.

Statistics from the Center for Women’s Business Research.

Visit www.womensbusinessresearch.org for more information on women owned businesses in the United States.