Published November 14 2012
Stats on women-owned businessesThe number of women-owned firms in the United States has increased by 54 percent over the last 15 years – 1½ times the national average, according to the 2012 State of Women-Owned Businesses Report, commissioned by American Express Open.
The report also found women-owned businesses are smaller than average. While 29 percent of U.S. businesses are owned by women, these firms employ
6 percent of the nation’s workforce and contribute about 4 percent of business revenues.
Another 17 percent of U.S. businesses are owned equally by men and women, according to the U.S. Census 2007 Survey of Business Owners, the most recent available.
In North Dakota, more than 15,000 businesses (25 percent) are owned by women and contributed more than $1.86 billion to the state’s economy, as touted by Sen. John Hoeven’s office in a news release marking National Women’s Small Business Month in October.
Businesses owned by women are more likely to be home-based, the Survey of Business Owners found. According to survey respondents, 58.2 percent of female-owned businesses operate primarily from the home, compared with 49.1 percent of male-owned firms and 51.6 percent of all firms.
– Sherri Richards