What Role Do Women Entrepreneurs Play in the Economy?

Women owned 6.5 million businesses that generated $950.6 billion in revenues, employed 7.2 million workers, and had $179.6 billion in payroll in 2002.

In addition, another 2.7 million firms are owned equally by both women and men; these firms add another $731.1 billion in revenues and employ another 5.7 million workers.

Sources: Preliminary data from the 2002 Survey of Business Owners from the U.S. Census Bureau; Advocacy-funded research by Robert Fairlie (Research Summary #243); Advocacy-funded research by Waldman Associates (Research Summary #242).

 

Information courtesy of the Small Business Administration, Office of Advocacy.