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October is National Women’s Small Business Month, a time dedicated to celebrating the growth achievements of women-owned businesses and women entrepreneurs across the country in recent years. Women own 42 percent of businesses in the United States and they generate $1.9 trillion in revenue each year. Join us this month as we acknowledge the accomplishments of women business owners and supporting their growth by leveraging resources for their continued success!
There are many ways to celebrate National Women’s Small Business Month, such as sharing recent data and resources for women entrepreneurs and business owners, getting certified as a women-owned business, volunteering as a mentor to an upcoming women entrepreneur, investing in women-owned businesses or networking with other women business owners.
Here are some important facts about women-owned businesses and women entrepreneurs, courtesy of the 2019 State of Women-Owned Businesses Report.
Women-Owned Businesses Facts
- Women owned only 4.6 percent of businesses in the U.S. in 1972; their share has increased to 42 percent as of 2019.
- Women-owned businesses grew 21 percent from 2014 to 2019, and businesses owned by women of color rose double that rate at 42 percent.
- The number of black women entrepreneurs has grown 50 percent in the last five years.
- Women of color account for 50 percent of all women business owners.
- There are almost 13 million women-owned businesses in the country, employing 9.4 employees and generating $1.9 trillion in revenue each year.
Volume III: Women-Owned Businesses of the 2019 NAWRB Women Housing Ecosystem Report (WHER) provides an overview of current trends, gains and obstacles that women face in entrepreneurship in the United States and across the globe. In the U.S., we look at the current state of women-owned businesses in general, followed by sections specifically dedicated to women of color, rural women, millennial women, and veterans to show how age, race, geographical region and veteran status affects women’s entrepreneurial success.
About 2019 NAWRB WHER
The 2019 NAWRB Women Housing Ecosystem Report (WHER) is the third installment of the most diverse coverage of the Housing Ecosystem with over sixty resources in six volumes: Diversity & Inclusion, Homeownership, Women-Owned Businesses, STEM, Aging Population, and Family Offices with a gender lens perspective. Learn more about each of the volumes and order a copy of the 2019 NAWRB WHER at https://www.nawrb.com/womenhousingecosystem/.