Women start 70% percent of all new businesses and, since 1987, the number of women-owned businesses in the U.S. has doubled while revenues have increased five times. Today, women-owned companies account for 40% of privately held companies – or 10.4 million firms. A woman owns one in five of all companies of all companies in the country with revenues of $1 million or more . . .
The significance of the total amount of economic impact – $2.8 trillion – once again proves that women-owned firms are not a small, niche market, but are a major contributor and player in the overall economy. We often hear that small businesses are the backbone of the U.S. economy, but when we speak of the U.S. economy, visions of large corporations and Fortune 1000 companies fill our heads . . .