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Lake County News,California - Women business ownership in America on the rise

Women business ownership in America on the rise ANDREW W. HAIT 01 April 2021 Women-owned firms made up only 19.9% of all firms that employed people in the United States in 2018 but their numbers are growing. There were 6,861 more women-owned firms in 2018 than in 2017, up 0.6% to 1.1 million, according to the Census Bureau’s Annual Business Survey, or ABS. Women-owned employer firms reported nearly $1.8 trillion in sales, shipments, receipts or revenue and employed over 10.1 million workers with an annual payroll of $388.1 billion in 2018. The ABS provides data on race, ethnicity, sex and veteran status of owners of businesses with one or more paid employees. This information can be invaluable in helping economic development organizations promote growth of minority and women business ownership in their areas.

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