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I just found out that October is Women’s Small Business Month. A new study shows that small businesses run by women are growing the economy.
The benchmark study, The Economic Impact of Women-Owned Businesses in the United States, showed that women-owned companies generate some $3 trillion in revenue and employ 23 million Americans–nearly double the number of people employed by the 50 biggest U.S. companies.
“Women-owned firms employ or generate a total of 16 percent of the jobs in our nation’s economy,” said Gwen Martin, executive director and director of research for the Center for Women’s Business Research.
Women-owned businesses were defined as privately held companies with at least 50 percent ownership held by women.
Read more about the study on Small Biz Daily.
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Stacey Derbinshire said,
October 9, 2009 @ 12:00 pm
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