Posts tagged: Women-owned businesses
A recent overview of women in the workplace shows that Seattle is ranked 20th in the nation in growth of women-owned businesses over the past 15 years. Washington state was ranked 35th out of all states in the growth of number of women-owned businesses.
Data from the past three censuses – 1997, 2002, and 2007 – were collated, analyzed and extrapolated forward to 2012, factoring in relative changes in Gross Domestic Product (GDP) not only nationally but also at industry and state levels. State-level GDP changes over the period of analysis are applied to our estimates of change at the metropolitan level.
Women own 8.1 million businesses in the United States, and new business starts exceed the rate for all groups, according to a study released Thursday by American Express.
The study, based on U.S. Census Bureau data, found the rate of increase for women-owned businesses in Washington and Idaho trails the national average, but revenues are growing at a significantly faster pace.
The number of business owned by women increased 50 percent from 1997 to 2011, the study says.
The rate of increase in Washington, with 86,700 businesses, was 35.1 percent. In Idaho, where women own 36,300 businesses, was 40.9 percent.
Nationally, revenues grew 53 percent, to $1.3 trillion. Revenues in Washington increase 65.4 percent to $25 billion. In Idaho, the total $4.2 billion was an 75.7 percent jump.
Women-owned businesses employ 7.7 million workers; 439,600 in Washington, 120,600 in Idaho.