Number Of Women-Owned Businesses Up 68% In Recent Years
A new American Express study shows that women
are increasingly starting businesses. According to the study, the number of
women-owned businesses in the US rose by 68 percent between 1997 and 2014.
That’s double the growth rate for businesses started by men. That trend is
accelerating; women are starting an estimated 1,288 companies every day, up
from 602 in 2011-2012. Susan Duffy, executive director of the Center for
Women’s Entrepreneurial Leadership at Babson College, told the AP, “Women are
becoming more aware of the opportunities for entrepreneurship in their lives.
It’s becoming more of an option for a career move than it ever has been in the
past.” Duffy added, “More women are seeing themselves out there in their heroes
in the business world. They’re saying, this is fabulous, I want to be like
The AP runs a
story on the subject.
Related: Women Small Business Owners Shed Light on Lessons Learned from the Recession