• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Valize
  • Subscribe
  • Contact
Rita McGrath Group

Rita McGrath

Author. Speaker. Consultant.

  • Home
  • Learn About Rita
  • Work with Rita
  • Rita’s Work
    • Books
    • Articles
    • Press
    • Podcast
    • Videos
  • Thought Sparks
  • Events

August 21, 2006

Women owned businesses

I thought this update on the status of female entrepreneurship was very interesting:

Women-owned Firms Increase Nearly 20 Percent

Women-owned firms increased nearly 20 percent over the latest period studied, according to a report released last week by the Office of Advocacy of the U.S. Small Business Administration. Between 1997 and 2002, women-owned firms grew by 19.8 percent while all US firms grew by seven percent. A significant portion of those firms were in professional, scientific, and technical services, and in health care and social assistance. Women in Business: A Demographic Review of Women?s Business Ownership, using newly released Census and other data, also finds that:

In 2002, women owned 6.5 million (28.2 percent) nonfarm US firms with 7.1 million employees 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).

Women in Business: A Demographic Review of Women?s Business Ownership, written by Office of Advocacy senior economist Dr. Ying Lowrey, is available at http://www.sba.gov/advo/research/rs280tot.pdf.

Filed Under: Insights and ideas

Primary Sidebar

Topics

Previous Sparks

  • 2020s
    • 2025
      • May
      • April
      • March
      • February
      • January
    • 2024
      • December
      • November
      • October
      • September
      • August
      • July
      • June
      • May
      • April
      • March
      • February
      • January
    • 2023
      • December
      • November
      • October
      • September
      • August
      • July
      • June
      • May
      • April
      • March
      • February
      • January
    • 2022
      • December
      • November
      • October
      • September
      • August
      • July
      • June
      • May
      • April
      • March
      • February
      • January
    • 2021
      • December
      • November
      • October
      • September
      • August
      • July
      • June
      • May
      • April
      • March
      • February
      • January
    • 2020
      • December
      • November
      • October
      • September
      • July
      • June
      • May
      • April
      • March
      • February
      • January
  • 2010s
    • 2019
      • December
      • November
      • October
      • September
      • August
      • July
      • June
      • May
      • April
      • March
      • February
      • January
    • 2018
      • November
      • October
      • September
      • July
      • June
      • April
      • March
    • 2017
      • July
      • June
      • May
      • March
      • January
    • 2016
      • December
      • October
      • August
      • July
      • June
      • May
      • March
      • February
      • January
    • 2015
      • November
      • October
      • September
      • June
      • April
      • March
      • February
    • 2014
      • December
      • November
      • October
      • August
      • July
      • June
      • May
      • April
      • March
      • February
      • January
    • 2013
      • December
      • November
      • October
      • September
      • August
      • July
      • May
      • April
      • March
      • February
    • 2012
      • December
      • November
      • October
      • September
      • August
      • July
      • June
      • May
      • April
      • March
      • February
      • January
    • 2011
      • December
      • November
      • October
      • September
      • August
      • July
      • June
      • May
      • April
      • March
      • February
      • January
    • 2010
      • December
      • November
      • October
      • September
      • August
      • July
      • June
      • May
      • April
      • March
      • February
      • January
  • 2000s
    • 2009
      • December
      • November
      • October
      • September
      • August
      • July
      • June
      • May
      • April
      • March
      • February
      • January
    • 2008
      • December
      • November
      • October
      • September
      • August
      • July
      • June
      • May
      • April
      • March
      • February
      • January
    • 2007
      • December
      • November
      • October
      • September
      • August
      • June
      • May
      • April
      • March
      • February
      • January
    • 2006
      • November
      • October
      • September
      • August
      • July
      • June
      • May
      • April
      • March
      • February
      • January
    • 2005
      • December
      • November
      • October
      • September
      • August
      • July
      • April
      • March

Footer

Connect with Rita

Rita McGrath Group
P.O. Box 7286
Princeton, NJ 08543

  • © Copyright 2004-2025 Rita McGrath Group. All Rights Reserved.
  • • Privacy Policy
  • Created with ✨ by Moxie Design Studios
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Reject Privacy Policy
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
Scroll Up