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Women owned businesses are critical to the economic strengths of communities. By providing jobs, tax revenues and community support, women are transforming the health of communities. Women must overcome unique challenges to be a successful in business. The Women’s Business Center of North Carolina is here to help.

Women-Owned Businesses

  • 10.1 million firms are owned by women (50% or more)
    • Employing more than 13 million people
    • Generating $1.9 trillion in sales as of 2008
  • Three quarters of all women-owned businesses are majority owned by women (51% or more)
    • Total of 7.2 million firms
    • Employing 7.3 million people
    • Generating $1.1 trillion in sales
  • Women-owned firms (50% or more) account for 40% of all privately held firms.

Businesses Owned by Women of Color

  • 1.9 million firms are majority-owned (51 % or more ) by women of color in the U.S.
  • These  firms employ 1.2 million people and generate $165 billion in revenues annually.
  • Between 2002 and 2008, these firms grew faster than all privately held firms. 

 


Source: Center for Women’s Business Research, 2008
 
NC Institute of Minority Economic Development |  114 W. Parrish Street  Durham NC 27701  |  919.956.8889 o    919.688.7668 f   |  info@ncimed.com