Women Owned Businesses Drive the Nation's Economy

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Women Owned Businesses Drive the Nation's Economy

Business managers and entrepreneurs:

Entrepreneurship is a key driver of economic growth and prosperity in individual communities and in the United States. Women-owned businesses are a fast-growing category of new business startups, contributing greatly to the growth of both jobs and the nation’s overall economy.

Statistics:

More than 11.6 million firms are owned by women, employing nearly 9 million people, and generating $1.7 trillion in sales as of 2017.

Women-owned firms (51% or more) account for 39% of all privately held firms and contribute 8% of employment and 4.2% of revenues

One in five firms with revenue of $1 million or more is woman-owned 4.2% of all women-owned firms have revenues of 1 million or more.

Over the past twenty years, the number of women-owned businesses has increased by 114% compared to an overall growth rate of 44% for all businesses.

During that same period, the employment growth rate for women-owned businesses was 27% versus 13% for all businesses.

Women-owned businesses have made a tremendous contribution to the recent period of unprecedented growth in the economy of the United States. Such businesses are clearly an economic engine that drives continued expansion and innovation in the nation.

The Green Business Report is pleased to share resources and information that can help these and other business enterprises to grow.

Click here: The 2017 State of Women-Owned Businesses

Sincerely,

Eugene Green, Jr.

Eugene Green, lll

Editors

The Green Business Report
About the
Eugene Green is a native of New Orleans. He is a 1976 graduate of St Augustine High School, where he graduated Salutatorian, served as the elected President of the Student Body and served for four years in the renowned Marching 100 and Concert Bands. Green graduated from Harvard University in 1980, where he earned a Bachelor of Arts Degree in Economics. Green served as the Manager of the Catering Division for Harvard Student Agencies, then and now the largest student-run corporation in the nation. He served as the elected President of the Harvard Black Students Association, and for his work, he earned the Frederick Douglas Award, as voted by his fellow students. Green also earned a Masters Degree in Business Administration (MBA) from Tulane University.