A new study by the US Small Business Administration Office of Advocacy highlights the contribution of women-owned businesses to the US economy. Key findings from the study include:
In 2012, women owned approximately 9.9 million businesses which generated approximately $1.4 trillion in sales and employed 8.4 million workers. Another 2.5 million businesses were equally owned by male and female accounting for an additional $1.1 trillion in sales and over 6 million jobs.
As majority and joint business owners, women generated $453 billion in payroll and had 14.9 million workers through 12.3 million businesses. Read the full report here