Friday, December 10, 2010

Census Bureau Reports Women-Owned Firms Numbered 7.8 Million in 2007, Generated Receipts of $1.2 Trillion
"In 2007, women owned 7.8 million businesses and accounted for 28.7 percent of all businesses nationwide, according to the U.S. Census Bureau's Survey of Business Owners. These firms generated $1.2 trillion in receipts, about 3.9 percent of all business receipts nationwide. (See Table 1 [Excel].)

Businesses owned equally by men and women numbered 4.6 million firms (17.0 percent of all businesses) and generated $1.3 trillion in receipts (4.2 percent of all receipts).

“As business owners, women in 2007 had a major impact on the nation's economy, employing more than 7.6 million workers,” said Census Bureau Deputy Director Thomas Mesenbourg. “In addition, the businesses they owned equally with men added another 8.1 million workers. Furthermore, businesses where women were owners or half-owners numbered 12.4 million firms, representing 45.7 percent of all firms.”

The percentage of women-owned businesses was fairly constant from state to state. In every state, women owned at least a fifth of the businesses and the percentage exceeded 30 percent in several states. (See map 1 [PDF].)

In some industries, women controlled a significant share of the businesses. For example, women-owned businesses accounted for 52.0 percent of all businesses operating in the health care and social assistance sector.

Nearly half of all women-owned businesses (45.9 percent) operated in repair and maintenance; personal and laundry services; health care and social assistance; and professional, scientific and technical services..."
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