In 2007, women owned 7.8 million businesses and accounted for 28.7% of all businesses nationwide, according to Survey of Business Owners: Women-Owned Businesses: 2007.
The report, released Tuesday by the U.S. Census Bureau, found these firms generated $1.2 trillion in receipts, about 3.9% of all business receipts nationwide.
Businesses owned equally by men and women numbered 4.6 million firms (17% of all businesses) and generated $1.3 trillion in receipts (4.2% of all receipts).
“As business owners, women in 2007 had a major impact on the nation's economy, employing more than 7.6 million workers,” said Census Bureau Deputy Director Thomas Mesenbourg, in a statement. “In addition, the businesses they owned equally with men added another 8.1 million workers. Furthermore, businesses where women were owners or half-owners numbered 12.4 million firms, representing 45.7% of all firms.”
The percentage of women-owned businesses was fairly constant from state to state. In every state, women owned at least a fifth of the businesses and the percentage exceeded 30% in several states.
In some industries, women controlled a significant share of the businesses. For example, women-owned businesses accounted for 52% of all businesses operating in the health care and social assistance sector.
Nearly half of all women-owned businesses (45.9%) operated in repair and maintenance; personal and laundry services; health care and social assistance; and professional, scientific and technical services.
“Nonetheless, women-owned businesses still lag behind businesses owned by men,” Mesenbourg said. In 2007, businesses owned by men numbered 13.9 million (accounting for 51.3% of all businesses) and generated $8.5 trillion in receipts (28.2% of all receipts)
In addition, there were 805,533 publicly held and other firms not classifiable by gender, accounting for 3% of all businesses. These firms generated $19.2 trillion in receipts, 63.6% of all receipts.