Report: Women-owned businesses outpace national average
A report using U.S. Census and GDP data show women-owned businesses are outpacing the national average of all businesses, but Pennsylvania and its major metros are ranking near the middle or lower end of the pack compared to other areas of the country.
The report, commissioned by American Express OPEN, analyzed data from the U.S. Census Bureau’s Survey of Business Owners and factored in relative changes in Gross Domestic Product.
Here are some quick report points:
- In 1997, there were 5,417,034 women-owned firms in the U.S. In 2017, that figure rose to 11,615,600 firms. The employment pace at that growth was 27 percent.
- In Pennsylvania, the number of firms in 1997 topped 202,990, compared to 337,600 firms in 2017.
Read more on the report.