Women-owned SMBs Outperform Economy

In the past 10 years, women entrepreneurs have outperformed the economy as a whole, according to a new report by the Center for Women’s Business Research. In their biennial update, CWBR found that between 1997 and 2006, sales at women-owned firms rose 4.4 percent and employmentincreased by 0.4 percent. That compares with declines of 1 percent and 1.2 percent, respectively, for the economy as a whole.

Meanwhile, women-owned firms grew at nearly twice the rate of all firms,
rising 42 percent compared to 23 percent.

I have certainly seen this trend here in Indy as well. With so many great support groups for women business owners, like NAWBO, NOWIB and the SBA Women’s center, I think we will continue to see our numbers grow.

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