South Florida Business Statistics
General Facts Concerning Women in Business
Center for Women's Business Research – founded as the National Foundation for Women Business Owners – is the premier source of knowledge on women business owners and their firms worldwide. Its mission is to support the growth of women business owners and their enterprises through conduction research, sharing information and increasing knowledge.
The Center projects the following statistical portrait of majority owned, privately-held women-owned businesses in Miami in 2006:
- There are nearly 142,319 Women-owned firms in Miami , accounting for nearly 31.5% of all privately held firms in the metropolitan area.
- Women-owned firms in Miami employ almost 122,761 people and generate nearly $19 billion in sales.
- The Center estimates that there are 11,657 women-owned employer firms in Miami . The number of these firms grew by 24.9% from 1997 to 2006.
- Miami ranks 10th among the top 50 metropolitan areas in the number, 23 rd in sales, and 14 th in employment.
- As of 2006, there are an estimated 10.4 million majority-owned, privately held women-owned firms in the U.S. , employing 12.8 million people and generating $1.19 trillion in sales.
- Women-owned firms continue to diversify into all industries. Wholesale Trade, Healthcare and Social Assistance have seen the largest recent increases in the number of women-owned firms, although services and retail still make up the largest share of women-owned firms.
- As of 2006, there are an estimated 2.4 million firms owned by a woman or women of ethnic diversity – amounting to 1 in 5 women-owned firms (21.4%) in the U.S. Overall, the number of minority women-owned firms increased by 119.7% between 1997 and 2006 – five times faster than all U. S. firms and over twice the rate of all women-owned firms.
- The workforce of women-owned firms shows more gender equity. Women business owners overall employ a roughly gender-balanced workforce (52% women and 48% men), while men business owners employ, on average, 38% women and 62% men.
- In research conducted internationally during the past two years, women business owners' voice similar needs for their business' development – access to capital, access to education/training, access to networks and markets, and to be taken seriously.
Center for Women's Business Research
1411 K Street, NW, Suite 1350
Washington , DC 20005-3407 USA
Phone: 202-638-3060; Fax: 202-638-3064
E-mail: info@womensbusinessresearch.org
