Page 14 - Scene Magazine 41-03 March 2016
P. 14

Business Perspectives
the state of Women-owned Businesses in 2015: summarizing the national trends
As of 2015, it is estimated that there are just over 9.4 million women-owned businesses in the United States, gen- erating nearly $1.5
trillion in revenues and employing over 7.9millionpeople.Between1997and 2015, when the number of businesses intheUnitedStatesincreasedby51%, the number of women-owned firms increasedby74%–arate1-1/2times the national average. Indeed, the growth in the number (up 74%), employment
(up 12%) and revenues (up 79%) of women-ownedfirmsoverthepast18 years exceeds the growth rates of all butthelargest,publicly-tradedfirms– topping growth rates among all other privately-held businesses over this period.
Private sector employment has started to pick up, but at a rate half that of prerecession levels. Where are new jobs coming from? Overwhelmingly from publicly-traded companies. Since 2007, the overall increase of 10.4 million net new jobs in the private sector is comprised of an 11.5 million increase in employment in large, publicly traded corporations, combined with a nearly one million decline in employment among smaller, privately- held companies. The only bright spot in recent years with respect to privately- held company job growth has been among women-owned firms. They have added an estimated 340,000 jobs since 2007. Among men-owned and equally- owned firms, employment has declined over the past eight years. Women- owned firms now account for 30% of all enterprises, and are growing faster in number and employment than most other firms. Despite this fact, women- owned firms employ only 6% of the country’s workforce and contribute fewer than 4% of business revenues – roughly the same share they contributed in 1997. When large, publicly traded firms are excluded, women-owned firms comprise 31% of the privately- held firm population and contribute 14% of employment and 12% of revenues. Combining equally-owned firms with women owned enterprises finds that women- and equally-owned firms number 14.7 million as of 2015, generate nearly $3 trillion in revenues, and employ nearly 16 million people. Women- and equally-owned firms together represent 47% of U.S. firms and contribute 13% of total employment and 8% of firm revenues.
Last summer the Chamber conducted a research study on the local demographics and identified that the current workforce in the greater Battle Creek area is comprised of 51% women.
By KARA BEER, President
MICHAEL E. DOWNING REALTOR
• ASSOCIAtE BROKER • hALL OF FAME AWARD WINNER
• 39 yEARS OF EXPERIENCE • OVER 2,700 CLOSED tRANSACtIONS • RECIPIENt OF thE LIFEtIME AChIEVEMENt AWARD
• MEMBER OF thE RE/MAX 100% CLUB FROM 1983 thru 2008, 2010-2015
Main Office: 269-968-6101 269-441-5564 • Fax 269-441-5235 H 269-963-2433 • C 269-967-6315
www.mikedowning.biz e-mail: DowningMik@aol.com
RE/MAX Perrett Assoc.Inc.,
317 E. Columbia Ave., Battle Creek, MI 49015
8 TIME PLATINUM AWARD WINNER
14 SCENE 4103 I WOMEN IN BUSINESS


































































































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