Small & Woman-Owned Business Reports
Small businesses are key to the nation’s well-being. They account for a significant share of the U.S. economic production and hiring. This profile from the Office of Advocacy uses the latest available data to illustrate the status of small business and their contributions to the U.S. economy. (Note that a small business is defined as one with fewer than 500 employees.)
The WOSB Biennial Update produced by independent think tank Center for Women’s Business Research identifies 10.1 million women owned businesses in the US that employ 13 million workers and generate $1.9 trillion in annual revenues. Women who own 51% or more of their firms number nearly one-half of the firms majority-owned by men.