NWBC Shares Recent ABS Data on Women-Owned Businesses

ByNWBC Council

NWBC Shares Recent ABS Data on Women-Owned Businesses

FOR IMMEDIATE RELEASE

Contact:
Temren Wroge
202-738-3523
Temren.Wroge@sba.gov

The U.S. Census Bureau today released new statistics from the 2018 Annual Business Survey (ABS). Since its founding in 1988, the NWBC has depended on data collection from the U.S. Census Bureau to fulfill its statutory obligation and mission. The Council must, in relevant part, promote and assist in the development of a women’s business census and other surveys of women-owned businesses. We are thrilled to share the most recent findings relating to women-owned employer firms.

Estimates show that in 2017 1.1 million employer firms were owned by women. The sectors with the most women-owned businesses included the health care and social assistance industry with 16.9% (192,159), professional, scientific, and technical services with 16.4% (185,649), and the retail trade industry with 11.7% (132,894).

 Please click HERE to view the complete release. 

ABS data accounts for only 10% of women-owned firms in the U.S., as the overwhelming majority are nonemployer businesses (those without employees). NWBC continues to highlight the need for timelier, reliable data collection efforts that ensure every woman-owned business in America is counted. We look forward to the completion of the Nonemployer Statistics by Demographics (NES-D) product, which will provide a more holistic look at the landscape of women’s business enterprise.

ICYMI – In April, we announced that the National Women’s Business Council (NWBC) is a 2020 Census!


About the author

NWBC Council administrator

The National Women’s Business Council (NWBC) is a nonpartisan federal advisory council established to serve as an independent source of advice and policy recommendations to the President, the Congress, and the Administrator of the U.S. Small Business Administration on issues related to women’s business enterprise. The Council is comprised of eight small business owners from across the country, six representatives of national women’s business organizations, and one Chairperson, Liz Sara, who was recently appointed by President Donald J. Trump in August 2018.