More Evidence on Success of Women-Owned Businesses
May 4, 1999

On April 28, the Associated Press reported new findings about women in business from the National Foundation for Women Business Owners.  Included among the findings are:

. The number of women-owned businesses leapt by 90% in the decade ending in 1997, reaching 8.5 million--more than one-third of all U.S. businesses.

From 1987 to 1997, sales at women-owned businesses grew by 161% and their workforces expanded by 262%.

Also, 23% of women-owned businesses have web sites versus 16% of firms owned by men.  And 41% of women-owned businesses have access to the INternet, as compared to 41% of male-owned businesses.

Increasing entrepreneurship among women--as well as men--can only be a positive for the economy, as well as a positive for more pro-entrepreneurship legislation--such as tax reduction and deregulation--at the federal, state and local levels.

 

 
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