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Statistics on the Rapid Growth in the Number of Women-Owned Businesses

WOB Growth Statistics Broken Down by Industry

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In recent years (1997-2006) women-owned businesses have experienced rapid growth in certain industries. The most impressive growth can be seen in the service sector.

The following Table 1 breaks down the growth rate among women business owners, showing the industry, the total number of businesses, and the percentage of increase represented for the period 1997-2006.

Table 1

Industry Growth for WOB (1997-2006)
Industry Million Firms Percent of Growth
Services 5.3 69.0
Retail Trade 1.1 130.0
Real Estate, Rental & Leasing 0.6 116.8

The following Table 2 breaks down the growth rate among women business owners, showing the industry sector, and the percentage of increase in growth for the period 1997-2006.

Table 2

Industry Growth for WOB by Sector(1997-2006)
Sector Percent of Growth
Wholesale trade 283.4
Health Care & Social Assistance Services 130.0
Arts, Entertainment & Recreation Services 116.8
Professional, Scientific, & Technical Services 82.7

Source:

"National Numbers: Women-Owned Businesses in the United States (2006)." Center for Women's Business Research. Access Date: April 23, 2008.

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