NCPA - National Center for Policy Analysis

Numbers Of Female-owned Businesses Soar

June 29, 1999

  • Since 1992, the number of people employed nationwide at female-owned firms has grown 108 percent -- to 27.5 million.
  • There are now 9.1 million businesses owned by women -- 38 percent of all firms in the U.S. -- according to a report from the National Foundation for Women Business Owners.
  • Companies owned by women generate nearly $4 trillion in revenue a year -- up 132 percent since 1992.
  • The 10 fastest growing metropolitan areas for female-owned businesses are Portland, Ore.-Vancouver, Wash.; Seattle- Bellevue-Everett, Wash.; Phoenix-Mesa, Ariz.; Houston; Nashville; Miami; Sacramento; Dallas; Orlando; and San Diego.

Observers say that big growth for women-owned businesses can be found in nontraditional areas such as manufacturing, construction and wholesale distribution.

 

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