Women Entrepreneur:
The Center for Women’s Business Research has released its 2007 update of Key Facts About Women-Owned Businesses. Among these facts:
* Women own 50% or more of 10.4 million firms, employing more than 12.8 million people and generating $1.9 trillion in sales.
* For the past 2 decades, majority women-owned firms have grown 2 times the rate of all firms (42% versus 24%).
* Women of color own 50% or more of 2.4 million firms, generating nearly $230 billion in annual sales.
* Between 1997 and 2006 the number of privately held firms owned 51% or more by women of color grew 5 times faster than all privately held firms (120% versus 24%).
* Asian women-owned firms have the highest survival rate of all women-owned firms, with 77% of their businesses from 1997 remaining in 2000.
* Sales revenue for women-owned firms without employees increased 66% from 1997 to 2004, compared with 42% for all such firms.
Visit CFWBR for more information.
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