MA ranked #49 in women-owned biz growth, says Amex report

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Just-released State of Women-Owned Businesses Report, commissioned by Amex OPEN, found that Massachusetts has an estimated 208,300 women-owned firms, employing 179,400 and attributing to roughly $30,253,400.

Amex-WomenNationally, the number of women-owned firms increased by 45% to 11.3 million enterprises, compared to just a 9% increase among all businesses since 2007. Therefore, over the past nine years, the number of women-owned firms has grown at a rate fully five times faster than the national average.

Massachusetts is ranked 49 with 16.9% in growth of number of firms over the past nine years and 40 with 18.7% in growth of firm revenue between 2007 and 2016.

Below is a table comparing Massachusetts’s women-owned firms’ data to the national numbers:

Growth of Women-Owned Firms 2002-2016
  Women-Owned Firms % Change, 2007-2016
2002 2007 2012 2016 (est.)
Total US          
Number of Firms 6,489,483  7,793,139  9,878,397  11,313,900 45.2%
Employment 7,146,229  7,579,876  8,431,614  8,976,100 18.4%
Sales ($000) $940,774,986      $1,202,115,758 $1,419,834,295 $1,622,763,800 35.0%
Massachusetts          
Number of Firms 161,918  178,114  199,210  208,300 16.9%
Employment 173,368  167,928  178,196  179,400 6.8%
Sales ($000) $23,133,981 $25,487,227 $28,855,145 $30,253,400 18.7%

 

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