Dec 1, 2009

Women Owned Firms Contribute Nearly $3 Trillion to US Economy

A recent report, The Economic Impact of Women-Owned Businesses in the United States adds to current understanding of the economic contributions of women-owned firms.  For the first time, this research provides a much more comprehensive picture of the total impact of women-owned firms, including the impact of businesses' purchases and the purchasing power of their employees and suppliers.

Findings include:

• Approximately 8% of the total labour force work directly for a woman-owned firm
• If women-owned businesses were their own country, they would have the 5th largest GDP in the world, ahead of countries including France, the United Kingdom and Italy
• Industries where women-owned businesses have the highest revenues include professional, scientific, technical services; retail, wholesale, business services, communications, media and administrative, support and waste remediation.

Posted in: Business