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For many years now, it’s been a sport of catch-up for girls in enterprise—and so they’ve gained a number of floor. From 2019 to 2023, the variety of new women-owned companies grew at practically double the speed of companies owned by males. However the battle is way from over. The statistics on women-owned companies under spotlight simply how far girls have come and the disparities we’ve but to beat.
What number of women-owned companies are there within the U.S.?
- Ladies at the moment are majority house owners in not less than 35 % of U.S. employer corporations.
- In complete, girls personal 13.8 million companies using 10 million employees and producing $3.9 trillion in income throughout the U.S.
- Ladies personal 28.6% of employer corporations with a income of $1 million or extra.
- Of the two million employer corporations owned by girls within the U.S., 24% are owned by minorities.
- 3.6% of women-owned employer corporations are owned by Black or African American girls.
- 13% of women-owned employer corporations are owned by Asian girls.
- .8% of women-owned employer corporations are owned by Native American or Alaskan native girls.
What industries do girls begin companies in?
Ladies begin and run companies in each business.
Which states have the very best proportion of women-owned companies?
Western states have the very best proportion share of women-owned companies.
State | P.c share of employer companies owned by girls |
Washington | 42% |
Idaho | 41% |
New Mexico | 40% |
Arizona | 39% |
Montana | 39% |
Which states have the very best variety of women-owned companies?
Excessive-population states have the very best variety of women-owned companies.
State | Variety of female-owned employer corporations |
California | 295,633 |
Florida | 183,040 |
Texas | 165,028 |
Massachusetts | 164,151 |
New York | 131,775 |
Stats on the expansion of girls in small enterprise.
The variety of women-owned companies has grown considerably over the previous decade.
- The variety of women-owned companies within the U.S. elevated 13.86% from 2014 to 2021.
- A 2019 report from the JPMorgan Chase Institute discovered that companies owned by girls and companies owned by males had equal survivability charges based mostly on an evaluation of 138,000 firms based inside the decade prior.
Stats on disparities in male- and female-owned small companies.
Regardless of the speedy development, girls nonetheless face challenges in acquiring funding and rising their companies.
The American enterprise panorama has made progress for girls entrepreneurs. Earlier than federal laws was handed in 1988, girls enterprise house owners wanted a male co-signer to use for a mortgage. Whereas lenders want to grasp that women-owned companies are as protected an funding as male-owned companies, feminine entrepreneurs also needs to take the steps to use for capital, significantly when that capital can be utilized to assist develop the enterprise.
Rapidly examine mortgage provides from a number of lenders.
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