Data released by the U.S. Census Bureau last week show that Oregon is far behind the national average when it comes to women-owned firms.
Data released by the U.S. Census Bureau last week show that Oregon is far behind the national average when it comes to women-owned firms.
The data was compiled by consultant Julie Weeks, who was contracted by American Express OPEN to write a report on the state of women-owned business in the U.S. Weeks found that 29 percent of all U.S. businesses are owned by women, and that they employ 6 percent of the country’s workforce and account for 4 percent of business revenues nationwide. Additionally, the number of women-owned firms grew by 50 percent over the past 14 years, which is well above the 34 percent increase for all small businesses.
According to the census data, Oregon has 105,400 women-owned firms – slightly more than 1 percent of those in the U.S. The state is not only below the national average for women-owned firms compared to total firms, but also 40th in growth rate over the past 14 years (30.9 percent) and 43rd in growth of firm revenues (38.5 percent) over that same time period.
Read more at the Daily Journal of Commerce.
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