Florida Celebrates National Women’s Small Business Month Top 10 State for Fastest Growing Number of Women-Owned Firms

Women's Small Business Month

THE U.S. ESTIMATED 8.6 MILLION WOMEN-OWNED BUSINESSES. THEY ARE RESPONSIBLE FOR GENERATING OVER $1.3 TRILLION IN REVENUE AND EMPLOYING NEARLY 7.8 MILLION PEOPLE

The Florida SBDC Network is proud to celebrate Women’s Small Business Month this October. As the fastest-growing business minority group, women-owned small businesses are an invaluable sector of the national economy. The U.S.’s estimated 8.6 million women-owned businesses are responsible for generating over $1.3 trillion in revenue. Additionally, they are employing nearly 7.8 million people. Such information is according to the State of Women-Owned Businesses Report 2013, by American Express OPEN.

The report found that the rate of women-owned business growth over the past 16 years remains higher than the national business growth average, with women-owned firms growing 150 percent more. Nationally, women-owned small businesses have seen an overall growth increase of 59 percent and a revenue increase of 63 percent.

Ranked fourth as the state with the highest number of women-owned businesses, Florida has an estimated 572,900 women-owned firms who employ 467,100 people and generate roughly $76 million in revenue according to the 2013 report. From 1997-2013, Florida has seen a growth increase of 69.6 percent in the number of women small businesses, ranking it as the 10th fastest-growing state in the number of women-owned businesses.

To help women succeed in business, the Florida SBDC Network has provided women entrepreneurs with innovative management and specialized technical assistance for more than three decades. In the past ten years, the FSBDC Network has served 44,820 women, resulting in 32,614 jobs created and saved; $861.1 million in revenue growth; $468.3 million in capital accessed; and $799.4 million in government contracts awarded.

Click here to find out more about Florida’s Celebration of Women’s Small Business Month

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