Women-Owned Businesses

FYI: Women-owned businesses are growing five times faster than the national average.

Image source: https://www.flickr.com/photos/christophebenoit/

According to Womenable’s 2016 “State of Women-Owned Businesses in the U.S.” report, the number of women-owned firms has increased by 45% since 2007, while the overall national increase remained at just 9%.

And, internationally, women make up approximately one-third of all entrepreneurs worldwide.

African-American women have become the fastest-growing group of entrepreneurs in the United States. Their numbers grew 322% between 1997 and 2015. #BlackGirlMagic pulls a serious profit!

An estimated 340,000 jobs were created by businesses owned by women between 2007 and 2015. During that same time period, the number of jobs at companies not owned by women actually shrank.

Nearly 7.9 million people are employed by U.S. businesses that are owned by women.

Just one of many benefits that we all enjoy when more women are given the space to succeed in business.

Info From: Upworthy.com

Sandi Tomlin-Sutker
Written by Sandi Tomlin-Sutker