In an annual report commissioned by American Express OPEN that is now in its sixth year, the “2016 State of Women-Owned Business Report” provides insight that informs policymakers, entrepreneurial organizations and business owners.
During the 2016 Cherry Bombe Jubilee, every attendee received a copy of the report. Many of the people in the audience - and people celebrated in the pages of Cherry Bombe Magazine - are small female owned businesses. And the community is growing.
There are 11.3 million women-owned businesses in the United States, employing 9 million and generating $1.6 trillion in revenue.
Women own 38% of all businesses in the United States and start an average of 1,072 net new firms. Each Day.
Eight of the Ten Fastest Growing States and Metro Areas for Women-Owned Firms are in the SOUTH, with a special shout out to our friends in:
Businesses owned by women of color are one of the fastest growing sectors in the US economy.
American Express is a huge supporter of small businesses, providing products and services to help all of us run and grow our businesses.
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