Women Businesses Multiplying
The number of women-owned businesses is growing at a faster rate than any other group of businesses.
According to American Express Open women-owned businesses have grown 1.5% faster than any other group over the past 15 years. 29% of businesses are now owned by women.
On the other hand women-owned businesses are growing slower than some other businesses. Only 4% of the U.S. revenue comes from women-owned businesses. In addition women-owned businesses account for only 6% of employment in the U.S.
As the number of women-owned small businesses rapidly increases, the size and revenue of these businesses will hopefully grow as well.