Women business owners
What role do women entrepreneurs play in the U.S. economy?
Women are not only a very important component of the U.S. economy, but they are a fast-growing sector as well. According to the U.S. Small Business Administration, in 2005,
- Women own 6.5 million businesses
- Generated $940.8 billion in revenues
- Employed 7.1 million workers
- Had $173.7 billion in payroll (in 2002).
In addition, another 2.7 million firms are owned equally by both women and men. These firms add another $731.4 billion in revenues and employ another 5.7 million workers.
© 2007, Small Business Network, Inc., All Rights Reserved.
AskJim ID: 521