A Closer Look: Economic Clout & Women-Owned Businesses

An important insight from the latest business census survey lies in our finding that – even as women-owned firms continue to grow at rates exceeding the national average – they are not moving along the growth continuum. In terms of both revenue and employment, the share of women-owned firms at higher levels of business accomplishment (specifically those with 100 or more employees or $1 million or more in revenues) has remained essentially unchanged over the past 14 years. This situation is much the same for men-owned firms. While men-owned firms are, on average, larger than women-owned firms, they, too, have not moved up the growth continuum.

To learn more about the impact of women-owned firms on the economy, read the Economic Clout section of The American Express OPEN State of Women-Owned Businesses Report here.