Growth of Women Owned Businesses

by | February 8, 2006

The Census Bureau recently reported that the number of women-owned businesses increased 20% between 1997 and 2002 which is twice the growth rate of businesses as a whole. Interestingly, Nevada had the highest level of growth of women-owned businesses followed by Georgia, Florida, and New York. 86% of these businesses have no employees and a third of them are in the services arena including health care and social services. The SBA has responded to this trend by launching a new website for women business owners called My Biz for Women that provides resources for starting a business and a state-by-state list of SBA Women Business Centers. It can be found at www.sba.gov/women/.

Author: Michelle Bomberger, Bellevue Business Attorney