CA tops nation in women-owned businesses; Sacramento sees growth

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Source:   —  April 08, 2016, at 10:07 PM

S. Census Bureau data. The two thousand sixteen State of Women-Owned Businesses Report – commissioned by American Express OPEN, the small-business services div of American Express – estimates that the in-state, women-owned firms employ more than 1.07 million people and generate combined annual income of $222.2 billion.

CA tops nation in women-owned businesses; Sacramento sees growth

CA is residence to the greatest no of women-owned businesses with nearly 1.5 million, according to estimates in the latest American Express analysis of U. S. Census Bureau data.

The two thousand sixteen State of Women-Owned Businesses Report – commissioned by American Express OPEN, the small-business services div of American Express – estimates that the in-state, women-owned firms employ more than 1.07 million people and generate combined annual income of $222.2 billion.

The no of firms is larger than the no of employees because some businesses are one-woman ventures, and some women own multiple firms.

American Express said Sacramento has an estimated 66.200 women-owned firms – up nearly twelve % from 59.200 estimated in latest year’s report – employing 50.500 and producing combined annual income of about $nine.4 billion.

Nationally, American Express estimated that there are 11.3 million women-owned businesses nationwide, up forty-five % from two thousand seven. Currently, women-owned firms in the United States employ nearly 9 million and generate annual income of more than $1.6 trillion.

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