STATISTICS ON WOMEN'S BUSINESS OWNERSHIP 5/95 * Women-owned businesses are one of the fastest growing segments of our economy. * Women business-owners are starting businesses at twice the rate of their male counterparts; constituting one third of all businesses and 15 percent of all receipts. * By the year 2000, it is anticipated that women will own nearly half of all U.S. companies. * Women-owned firms are found in every industrial sector, from services to manufacturing. * From 1990 - 1992 according to the National Foundation of Women Business Owners survey: * 57 percent increased sales * 54 percent improved the quality of business processes * 46 percent developed a new product or service * 33 percent expanded into new markets in the U.S. or abroad * 32 percent increased capital expenditures * 25 percent increased employment * According to National Foundation for Women Business Owners and Dun & Bradstreet Information Services (April 1995), estimates there are 7.7 million women owned business in the U.S. employing 15.5 million people and generating nearly $1.4 trillion in sales. JOB CREATION: * This growing segment of the economy has provided 15.5 million jobs, employing 35 percent more people in the U.S. than Fortune 500 companies worldwide. * 38 percent of all small businesses are owned by women, with approximately 7.7 million women-owned business in this country. * Women-owned businesses have staying power: more than 40 percent have been in business for 12 years or more. * 70 percent of women business owners are financing their business with their credit cards and personal resources. Women business owners are 3 times as likely as other businesses to use credit cards for short-term financing. * Employment growth in women owned firms exceeds the national average by a substantial margin. 1991 - 1994 employment grew by 11.5 percent among commercially active women-owned firms in the U.S. compared to 5.4 percent among all firms. According to National Foundation for Women Business Owners and Dun & Bradstreet Information Services (April 1995), employment growth in women-owned firms exceeds the national average in nearly every region in the country and in nearly every major industry. BIG MARKET: * 46 percent of women between the ages of 35 - 55 want to become business owners. * 64 percent of women between ages 18 - 34 want to become business owners. Update: 5/95