April 5, 2013

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Article

Utah Seventh in Growth of Woman-Owned Businesses

Press Release

April 5, 2013

Utah has an estimated 72,800 women-owned firms, employing 58,300 and attributing to roughly $13 billion, according to the third annual State of Women-Owned Businesses Report, commissioned by American Express OPEN, a recent report analyzing the 1997, 2002, and 2007 data from the U.S. Census Bureau’s quinquennial business census, the Survey of Business Owners.

Similar to previous annual reports released this time last year, the analysis, reported by industry, revenue and employment size at the national and state levels, shares a new and nuanced investigation into the growth trends among the 8.6 million women-owned enterprises over the past 15 years.

Nationally, the number of women-owned businesses has increased 59 percent since 1997.  Utah is ranked seventh in growth of number of firms over the past 16 years and fifth in growth of firm revenue between 1997 and 2013.

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

 

 

Women-Owned Firms

 

 

 

% Change, 1997-2013

 

1997

2002

2007

2013 (est.)

 

Total US

 

 

 

 

 

Number of Firms

5,417,034

6,489,483

7,793,139

8,617,200

59.1%

Employment

7,076,081

7,146,229

7,579,876

7,754,600

9.6%

Sales ($000)

$818,669,084

$940,774,986

$1,202,115,758

$1,335,095,100

63.1%

Utah

 

 

 

 

 

Number of Firms

41,991

48,475

61,468

72,800

73.4%

Employment

54,135

53,497

56,739

58,300

7.7%

Sales ($000)

$5,096,187

$5,920,242

$10,142,709

$13,079,800

156.7%

 

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