The Center for Women’s Business Research released economic estimates in its “Women-Owned Businesses in the United States 2006” fact sheet. Most figures are based on United States Bureau of the Census information, and apply to private organizations.
• There are approximately 10.4 million private businesses with an ownership that is at least 50 percent female, whose sales account for $1.9 trillion and 12.8 million employees.
• Firms whose ownership is at least 51 percent female comprise 29.7 percent of all businesses, are responsible for $1.1 trillion in annual sales and provide 7.2 million jobs.
• Between 1997 and 2006, businesses with a majority female ownership grew 42.3 percent and annual sales increased 4.4 percent.
• Only .1 percent of the overall United States manufacturing industry is represented by women-owned businesses.
• A 2006 Women’s Business Enterprise National Council survey discovered 82 percent of corporations included “supplier diversity advocates” within their ranks, though 76 percent of corporations considered their supplier diversity programs “too small.”
• In another report, “Key Facts About Women-Owned Businesses, 2006 Update,” the Center for Women’s Business Research reported salaries and benefits expenses totalling approximately $546 billion for women-owned businesses.
For more information, visit www.womensbusinessresearch.org.
Related story: Force of Change
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