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November 5, 2008 DOL Home > Newsroom > News Releases | ![]() |
News Release
OPA News Release: [12/06/2002] Womens Bureau Publication Offers Statistics on Women-Owned BusinessesWASHINGTONSecretary of Labor Elaine L. Chao announced that the Women's Bureau released a fact sheet on women business owners today, providing current details and data on the composition and definition of privately held firms represented by at least 51 percent female ownership. According to the Census Bureaus latest Survey of Minority-Owned Business Enterprises, women owned 26 percent of the nations 20.8 million non-farm businesseswhich translates into 5,417,034 firms. Those businesses also employed 7.1 million paid workers, and generated $818.7 billion in sales and receipts. Firms owned by minority women recorded sales and receipts totaling $84.7 billion in 1997. The report also identifies California, New York, Texas, Florida, and Illinois as the states with the largest number of women-owned businesses. Chao believes that women looking for new or different careers can consider starting their own business. There are many benefits to owning your own business, said Chao. These include workplace flexibility and financial securityand although the process may seem challenging, todays women-owned businesses are major contributors to jobs and the economic security of our nation. The fact sheet, which also provides information on women-owned businesses by industry and minority classification, is available on the Women's Bureau website at www.dol.gov/wb/welcome.html. # # # _________________________________________________________________ |
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