March 31, 2014

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Article

Utah Has 73,00 Women-Owned Firms

Press Release

March 31, 2014

Utah has an estimated 73,000 women-owned firms, employing 58,300 and doing roughly $13 billion in sales, according to the fourth annual American Express OPEN State of Women-Owned Businesses Report, a comprehensive report released today analyzing the 1997, 2002, and 2007 data from the U.S. Census Bureau’s quinquennial business census, the Survey of Business Owners.

The analysis is reported by industry and includes revenue and employment size at the national and state levels. It reveals growth trends among the 9.1 million women-owned enterprises over the past 17 years.

Nationally, the number of women-owned businesses has increased 68 percent since 1997. Utah is ranked 10th (73.8 percent) in growth of number of firms over the past 17 years and fourth (157.7 percent) in growth of firm revenue between 1997 and 2014.

Below is a table comparing Utah’s women-owned firms data to the national numbers

 

2002

2007

2014 (est.)

% Change, 1997-2014

Total US

 

 

 

 

# of Firms

6,489,483

7,793,139

9,087,200

67.8%

Employment

7,146,229

7,579,876

7,854,200

11.0%

Sales ($000)

$940,774,986

$1,202,115,758

$1,410,940,800

72.3%

Utah

 

 

 

 

# of Firms

48,475

61,468

73,000

73.8%

Employment

53,497

56,739

58,300

7.7%

Sales ($000)

$5,920,242

$10,142,709.00

$13,134,800

157.7%


 

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