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Business | 9.9 Million women-owned firms

Business | 9.9 Million women-owned firms

WomenOwnedBus9 aHighlighting the achievements of Women in business during Women’s History Month, here our few more stats from The Survey of Business Owners taken in 2012.

The 9.9 million women-owned firms in 2012 were up more than 2 million from five years earlier when there were 7.8 million women-owned businesses, a 26.8 percent increase. As a comparison, male-owned firms increased 6.8 percent from 13.9 million to 14.8 million during the same period.

Hispanic Lifestyle will be celebrating the success of Women Professionals at Latina Conference 2016 on April 8, 2016.

There were 9.9 million women-owned firms nationally in 2012, up from 7.8 million or 26.8 percent from 2007.

Nearly 90 percent (89.5 percent) of women-owned firms were nonemployer firms (businesses with no paid employees). This is higher than the total proportion of nonemployer firms, which is 80.4 percent (22.2 million nonemployer firms).

Receipts for women-owned firms rose 18.7 percent, from $1.2 trillion in 2007 to $1.4 trillion in 2012.

While women-owned firms accounted for 35.8 percent of all U.S. firms, they constituted the majority of firms in the health care and social assistance sector (62.5 percent), the educational services sector (54.2 percent), and the other services sector (51.8 percent). For comparison, women accounted for 51.4 percent of the 18 and older population in 2012.

California led all states in the number of women-owned firms in 2012, with 1.3 million. Proportionately, the District of Columbia led all states with 42.7 percent of all firms owned by women.

Los Angeles County had more women-owned firms than any other county in 2012 with 439,513.

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