The latest OPEN State of Women-Owned Business report shows the increasing clout of women entrepreneurs.
AUGUST 13, 2014
As the United States continues to crawl out of its economic slump, women are emerging as key drivers in new business creation, according to new research. This year’s OPEN State of Women-Owned Business report finds that an estimated 1,200 new businesses a day were started by women over the past year, up from an average of 740 a day the year prior. Four out of 10 new firms are now started by women.
The fourth-annual report also shows the influence of companies owned by women of color, which now account for one-third of all women-owned businesses in the United States. While firms owned by women of color are smaller than non-minority women-owned businesses both in terms of average number of employees and revenue, their growth in number is generally far outpacing that of all women-owned firms.