WASHINGTON, D.C. - Women-owned firms increased
nearly 20 percent over the latest period studied, according to
a report released today by the Office of Advocacy of the U.S.
Small Business Administration. During the five years between 1997
and 2002, women-owned firms grew by 19.8 percent while all U.S.
firms grew by seven percent.
A wealth of data on women in the work force and
women-owned business is presented in Women in Business: A Demographic
Review of Women’s Business Ownership, written by Office of
Advocacy senior economist Dr. Ying Lowrey.
The report uses newly released U.S. Census and
other data to describe women’s contributions to the economy.
Statistics documented in the report include:
- In 2002, women owned 6.5 million or 28.2 percent of nonfarm
U.S. firms. More than 14 percent of these women-owned firms
were employers, with 7.1 million workers and $173.7 billion
in annual payroll.
- Women-owned firms accounted for 6.5 percent of total employment
in U.S. firms in 2002 and 4.2 percent of total receipts.
- Of all women business owners in 2002, 85.95 percent were White,
8.43 percent African American, 8.33 percent of Hispanic heritage,
5.25 percent Asian, 1.23 percent American Indian and Alaska
Native, and 0.18 percent Native Hawaiian and other Pacific Islander
(total does not add to 100 due to some double counting across
ethnic groups).
- According to 2002 data, significant proportions of women-owned
businesses were in professional, scientific, and technical services,
and in health care and social assistance.
The Office of Advocacy, the “small business
watchdog” of the government, examines the role and status
of small business in the economy and independently represents
the views of small business to federal agencies, Congress, and
the President. It is the source for small business statistics
presented in user-friendly formats and it funds research into
small business issues.
For more information and a complete copy of the
report, visit the Office of Advocacy website at www.sba.gov/advo.
Credit: http://www.sba.gov/advo/press/06-16.html
Office of Advocacy
U.S. Small Business Administration
NEWSRELEASE
For Release: August 17, 2006
Contact: John McDowell, (202) 205-6941
john.mcdowell@sba.gov
SBA Number: 06-16 ADVO
Press Kit
September 11- 13: Women Impacting Public Policy
Annual Fall Conference, Washington, DC - http://www.wipp.org/events.asp
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for our members and viewers of our Web site.
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