New Data Available on Women-Owned Firms
Women-owned firms employ nearly 13 million people and generate $1.9 trillion in sales, according to the latest data from the Center for Women's Business Research.
The center released "Key Facts about Women-Owned Business - a 2007 Update" on Tuesday. The hard-copy brochure is a compilation of the center's most recent research and covers a gamut of issues facing women business owners such as retirement and technology choices.
The data shows that about 81 percent of women-owned businesses don't have employees versus about 75 percent of micro entities headed by men. Women-owned businesses also are starting at a faster rate and their revenues are growing faster. Between 1997 and 2006, 51 percent of women-owned firms grew at twice the rate of all firms.
The center also found that nearly 70 percent of women-business owners choose financial products and services based on their relationship and experience with a lender.
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Posted by: Kimberly Porrazzo | August 30, 2007 11:29 PM
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