MERIC NEWS LETTER

Women-Owned Businesses Grow in Number of Firms, Employment and Sales

Women-owned businesses in Missouri are steadily growing, according to the Center for Women's Business Research. The state showed a 46.7 percent increase in women-owned businesses from 1997-2006, outpacing the U.S. growth rate of 42.3 percent.

Missouri's 141,986 women-owned firms ranked the state 18th in the nation. Among women-owned firms, Missouri ranked 14th in both employment (152,782) and sales ($22,847,027).

Missouri also showed growth from 1997 in employment and sales among women-owned firms. Such firms increased 4.9 percent in employment and 21.4 percent in sales over the period.

In the U.S., there were 7.6 million women-owned firms in 2006, up 42.3 percent since 1997. Sales totaled just over $1 billion with employment at 7.1 million. The reason there are more firms than employment in the U.S. overall and in many states is because some women-owned firms are single ownership and owners are not counted as employees in this data set.

California was the leading state in all three categories, accounting for nearly 14 percent of the national total in number of firms, employment and sales. Other states with the largest number of women-owned firms were New York (637,037), Texas (568,692), Florida (553,296), and Illinois (343,331).

Twenty-four states, including Missouri, had over 100,000 women-owned firms. Eleven states had over 200,000 women-owned firms.

Number and Percent Growth of Majority (51% or More) 
Women-Owned Firms, Employment, and Sales

  2006 
Number of Firms, Employment, Sales
1997-2006 
Percent Growth of Firms, Employment, Sales
State Firms Employment Sales Firms Employment Sales
U.S. Total 7,690,538 7,160,099 $1,084,420,819 42.3 0.4 4.4
Alabama 97,417 89,624 $11,381,034 51.9 -18.7 -10.6
Alaska 17,720 17,399 $3,193,934 14.3 -8.8 31.5
Arizona 133,253 151,877 $19,793,174 61.1 50.3 40.4
Arkansas 58,585 42,916 $5,783,112 48.1 -44.4 -29.1
California 1,052,249 961,021 $152,532,886 61.3 3.4 1.1
Colorado 160,198 130,217 $19,726,474 49.5 -1.5 15.1
Connecticut 96,561 86,195 $15,694,311 46.3 -5.5 36.3
Delaware 18,096 10,930 $2,711,496 45.5 -74.7 4.9
DC 19,080 12,954 $4,028,755 52.3 -62.0 48.7
Florida 553,296 493,000 $76,256,249 84.1 33.0 27.0
Georgia 248,170 208,049 $35,696,684 85.0 9.4 12.9
Hawaii 36,162 47,058 $6,345,369 49.8 56.4 56.2
Idaho 33,118 27,763 $4,172,714 36.9 7.5 38.5
Illinois 343,331 316,217 $51,172,571 56.7 -24.2 -7.6
Indiana 139,140 137,480 $19,842,682 40.3 -4.3 16.6
Iowa 73,889 58,567 $7,393,801 36.1 -23.9 -27.4
Kansas 68,725 67,565 $7,366,360 34.8 15.7 -15.3
Kentucky 93,233 71,566 $9,269,836 55.7 -33.6 -25.0
Louisiana 106,540 101,669 $13,633,028 63.8 -28.7 -5.0
Maine 36,897 25,349 $3,538,428 28.9 -17.9 -12.1
Maryland 167,107 142,863 $21,145,030 58.1 -5.4 16.1
Massachusetts 189,297 177,020 $30,467,040 43.1 0.9 45.7
Michigan 260,684 234,323 $33,076,581 53.5 3.1 -0.3
Minnesota 144,125 84,098 $19,685,747 42.3 -60.8 15.8
Mississippi 58,049 45,562 $7,974,180 64.8 -32.0 6.4
Missouri 141,986 152,782 $22,847,027 46.7 4.9 21.4
Montana 27,512 22,563 $2,497,338 29.8 1.6 -2.9
Nebraska 45,466 39,567 $7,210,330 44.0 -34.8 25.1
Nevada 61,709 39,198 $11,538,169 101.3 -57.8 54.3
New Hampshire 36,660 39,892 $6,359,051 44.4 9.3 63.6
New Jersey 228,667 267,455 $42,376,752 62.8 8.5 13.3
New Mexico 47,600 33,116 $5,290,512 31.3 -49.8 -5.1
New York 637,037 488,939 $87,960,198 81.6 6.3 18.8
North Carolina 211,980 231,419 $30,210,993 63.1 4.4 -0.5
North Dakota 15,036 10,855 $1,519,586 29.0 -19.4 3.5
Ohio 269,267 234,636 $35,454,511 42.1 -26.1 -7.5
Oklahoma 87,851 102,025 $10,199,472 40.2 23.9 -8.6
Oregon 100,690 78,355 $11,330,738 33.2 -13.9 -12.0
Pennsylvania 265,157 285,513 $45,655,888 41.6 0.7 7.0
Rhode Island 27,990 26,195 $4,965,369 56.6 -8.4 48.9
South Carolina 92,576 91,845 $11,614,361 57.1 -8.3 -12.7
South Dakota 17,267 15,297 $1,813,509 28.9 7.0 20.2
Tennessee 141,802 94,958 $21,802,797 54.1 -38.3 20.0
Texas 568,692 576,244 $71,034,730 61.0 5.3 -12.8
Utah 56,691 52,388 $6,986,436 47.2 -11.7 9.8
Vermont 21,685 12,141 $1,666,172 35.9 -42.8 -1.6
Virginia 189,573 197,883 $27,968,613 55.6 15.2 27.6
Washington 158,881 105,884 $20,231,247 36.8 -36.2 7.0
West Virginia 36,102 30,087 $3,292,525 29.4 -10.6 -20.3
Wisconsin 122,023 148,434 $20,151,758 45.1 -5.8 2.3
Wyoming 15,130 13,421 $1,275,276 40.8 19.0 7.7

Source: Center for Women's Business Research estimates using U.S. Bureau of the Census data.


 
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