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Own the growth

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  • | 10:59 a.m. December 1, 2017
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Women-owned businesses are on the rise.

Over the past 20 years, women-owned businesses nationwide increased 114% and revenue grew 103%, according to a recent report commissioned by American Express Open.

The survey, the seventh-annual State of Women-Owned Businesses report, was compiled with data from the U.S. Census Bureau Survey of Business Owners. That survey is conducted every five years, in years that end in 2 and 7. For this report, data from the 1997 and 2012 Census surveys were used and “extrapolated forward to 2017,” according to a statement.

There are 11.6 million women-owned businesses that employ almost 9 million people nationwide, the report adds. Those businesses generate $1.7 trillion in revenue.

But while the national picture looks good, Florida isn't a leader.

Florida, for example, didn't make the list of top five states where women-owned businesses most increased their economic clout, which includes growth in the number of firms, employment and revenue. The top five in that category are: Nevada, Washington, D.C., South Dakota, North Dakota and Georgia. The Sunshine State also didn't post any cities in the list of top metropolitan areas where women-owned businesses increased their economic clout.


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