National Numbers

Women-owned Businesses in the United States 2006

In this fact sheet, the Center for Women's Business Research presents the most up-to-date information currently available on privately-held, women-owned businesses in the United States. Analyzing data provided by the U.S. Bureau of the Census, the Center projects the following statistical portrait of privately-held women-owned businesses.

50% or More Women-Owned Businesses, 2006

As of 2006, the Center projects that as of 2006, there are an estimated 10.4  million privately-held, 50% or more women-owned firms in the U.S., accounting for two in five (40.2%) of all businesses in the country.  These firms generate $1.9 trillion in annual sales and employ 12.8 million people nationwide.

chart: Growth of Women-Owned Firms and All Firms, 1997-2006

Majority (51% or more) Women-Owned Businesses, 2006

As of 2006, there are an estimated 7.7 million 51% or more women-owned firms, accounting for 29.7% of all businesses in the U.S. Majority (51% or more) women-owned firms in the U.S. generate $1.1 trillion in annual sales and employ 7.2 million people nationwide.

Between 1997 and 2006, the percent growth in the number of 51% or more women-owned firms was nearly twice that of all U.S. firms (42.3% vs. 23.3%). Employment among 51% or more women-owned firms grew 0.4%, and annual sales grew 4.4%.

chart: 51% or More Women-Owned Firms in 1997 and 2006

Industry Breakdown

The largest share of 51% or more women-owned firms is in the service sector. More than two-thirds (69.0%) of these firms (5.3 million) are in services; 14.4% (1.1 million) are in retail trade; and 7.7% (0.6 million) are in real estate, rental, and leasing. 

From 1997 to 2006, the greatest growth among 51% or more women-owned firms has been in:

• Wholesale trade (283.4% growth);
• Healthcare and social assistance services (130.0% growth);
• Arts, entertainment, and recreation services (116.8% growth); and
• Professional, scientific, and technical services (82.7%).

chart: 2006 Industry Distribution of 51% or More Women-Owned Firms

Chart: Industry Growth of 51% or More Women-Owned Firms, 1997-2006

Download the 2006 National Fact Sheet.