In 2015, Women Entrepreneurs Own 30 Percent of all Enterprises in USA

According to the 2015 State of Women-Owned Businesses Report, commissioned by American Express OPEN:

Women entrepreneurs now own 30% of all enterprises in the United States. As of 2015, there are slightly more than 9.4 million women-owned businesses in the U.S., yet, these account for only 4.23% of business revenues, which is roughly the same amount they contributed in 1997. In addition, 70% of women-owned firms have less than $25,000 in revenue and only 10% have paid employees.

These women need business-friendly loans and services and the U.S. Women’s Chamber of Commerce, a leading advocate for women on economic and leadership issues, is on a mission to find the right credit union to serve its more than 500,000 members’ needs.

Learn more:  Credit Union Partner Sough for Women's Chamber of Commerce

Women Entrepreneurs Are Making Progress

According to Margot Dorfman (pictured), CEO of the U.S. Women’s Chamber of Commerce, women entrepreneurs face daunting challenges but they are making progress.

About 10 million women-led businesses in the United States generate $1.6 trillion in annual revenue. Almost every major industry sector — including technology, services and construction — has seen increases in women-led companies, Dorfman said.

Dorfman also says that if you look at the number of women running businesses, it's good but if you look strictly at the numbers in terms of revenues, it becomes problematic.

Read more:  State of Women Entrepreneurship