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Report: Women-owned businesses outpace national average

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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

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Cathy Hirko

Cathy Hirko

Cathy Hirko is managing editor, news, for the Central Penn Business Journal. Email her at chirko@cpbj.com. Follow her on Twitter, @CathyHirko.

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Kate August 13, 2018 6:55 am

This article is much motivation to the all the women that the success stories of women-owned businesses. The U.S. Census and GDP data show women-owned businesses are outpacing the national average of all businesses. Thanks for this article. printer driver is unavailable

Dorrah May 18, 2018 8:12 am

Wow!! The reports shared here was really a good news for the women entrepreneurs. The women owned businesses are outpacing the national average and we can see lots of women workers in this business field recently. We must appreciate them for their great effort.stop snoring mouthpiece

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