Report: The American Express OPEN State Of Women-Owned Businesses Report
This American Express OPEN publication bridges the gap between the quinquennial Survey of Business Owners conducted by the U. S. Census Bureau. The report offers an up-to-date accounting of the state of women-owned businesses in the United States in 2011. Using data from the three most recent business census surveys (1997, 2002, and 2007)—the most recent of which was just published in December 2010—this report provides estimates of the number, employment and revenues of women-owned firms as of 2011. Data are reported at the national level in total, and by industry, revenue and employment size class. Trends at the state level are also reported.
Highlights from the Executive Summary:
As of 2011, it is estimated that there are over 8.1 million women-owned businesses in the United States, generating nearly $1.3 trillion in revenues and employing nearly 7.7 million people.
Between 1997 and 2011, when the number of businesses in the United States increased by 34%, the number of women-owned firms increased by 50%—a rate 1½ times the national average.
Despite the fact that the number of womenowned firms continue to grow at a rate exceeding the national average, and account for 29% of all enterprises, women-owned firms only employ 6% of the country’s workforce and contribute just under 4% of business revenues . Further, the employment and sales growth of women-owned enterprises between 1997 and 2011 (8% and 53%, respectively) lags the national average (17% and 71%).