Women continue to enter into the ranks of business ownership at rates exceeding the national average. Indeed, the rate at which women are launching businesses is on the rise.
- As of 2012, there are nearly 10 million women-owned businesses in the United States. These enterprises employ over eight million workers and generate over $1.4 trillion in revenues.
- Between 2002 and 2012, the number of women-owned firms increased at a rate 2-1/2 times the national average (52% vs. 20%), employment in women-owned firms grew at a rate 4-1/2 times that of all firms (18% vs. just 4%), and the growth in revenues generated by women-owned firms paralleled that of all firms (up 51% compared to 48%).
- The pace of business formation among women is on the rise. Between 1997 and 2002, the number of women-owned firms grew by 20%, as it did between 2002 and 2007. Then, between 2007 and 2012, the number of women-owned firms increased by 27% – a significant uptick in business start-ups.
- On average, between 2002 and 2012, women launched an average of 928 net new firms each and every day. Within that ten-year period, there were an average of 714 net new women-owned firms per day between 2002 and 2007, and 1,143 per day between 2007 and 2012.