Women-owned businesses increase 59% since 1997, study says

[Redfairen]

Source: LA Times

The number of businesses owned by women in the United States has increased 59% since 1997, according to an estimate from American Express.

Those 8.6 million firms are generating more than $1.3 trillion in revenue and employing nearly 7.8 million people, according to the 2013 State of Women-Owned Businesses Report from American Express Open, a small-business arm of the company.

.......

The highest concentrations of women-owned businesses were in the areas of health and social assistance, educational services and administrative support.

.......

The states with the fastest growth of women-owned businesses were Georgia, Texas, North Carolina, Louisiana and Nevada. Alaska, West Virginia, Iowa, Ohio and Kansas had the slowest growth.

Read more: http://www.latimes.com/business/money/la-fi-mo-women-owned-businesses-20130404,0,4917643.story

[shenmue]

1. Yay!

Neato!

[sheshe2]

2. Women,

Yes we can!

[mainer]

3. Curious how this is compiled

I started my business sometime after 2000, but no one ever asked me if I was a woman.

[PSPS]

4. They apparently are unaware than many "women owned" businesses are in name only

I have a lot of clients who do this. The husband starts and runs the business. Then, to garner set-asides for minority/women-owned businesses, they name the wife as company president. There's some paperwork and hoops involved if you want the company to be listed at, say, WBENC. But it's done all the time.

[raccoon]

5. Thank you! I have some family members who do this. I used to be clueless about this.

That is EXACTLY why they do this:


"to garner set-asides for minority/women-owned businesses, they name the wife as company president."

If one didn't know this, one would think women had made great strides in this area. Maybe they have, but not as much as that stats would make you think at first.