Women entrepreneurs trail behind

Women entrepreneurs trail behind

 

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Oregon ranks 40th among states when it comes to growth in women-owned businesses, according to a recent report by American Express OPEN.  U.S. Census figures show that Oregon had a 30.9% growth in women-owned firms between 1997 and 2011. The state had a 38.5% growth in revenue of women-owned firms, which ranked it 43rd. In the U.S. overall, women-owned firms increased 50% in number over those 14 years, grew sales by 53.4% and gained 8.1% in employment. Employment at Oregon’s women-owned firms grew only 6.7%. Still, these businesses have been growing at a faster rate than male-owned businesses. In the most recent economic census, 1997, 29.8% of all Oregon firms were women-owned, compared to 30.3% in California, 28.6% in Washington and 28.8% nationwide.

Brandon Sawyer