From Black Enterprise
A new infographic released Tuesday by the National Women’s Business Council illustrating the economic clout of women-led businesses.
“Successful women-led businesses have a variety of trajectories and strategies for growth, and there is no one right way to grow a business,” said Emily K. Bruno, Research and Policy Director for NWBC. “We’ve seen that in many cases, successful women entrepreneurs running high-growth companies have chosen to give up equity in order to raise capital. While women-led businesses are less than 51% owned by women, women still have a significant leadership position and ownership within the company, and this matters.”
The infographic is the second in a series that NWBC is producing utilizing its original research and new data sources from the Census Bureau.
Important highlights from the infographic include:
- Women have a greater economic impact than most think – 36% of employer firms are either women-owned or women-led. 17.5% of employer businesses are 51% owned by one or more women. Yet, 18.8% of employer firms are at least 30% owned by women and have a woman in a leadership role. When those two numbers are added together, women’s economic impact is much clearer. That makes 36% of employer firms either women-owned or women-led. When not focusing on women’s leadership roles within a company, the numbers look even better. 42.4% of businesses are at least 30% owned by women. These firms capture 26.1% or $2.6 trillion in receipts.
Read more at BlackEnterprise.com