Women In Business Make Strides In Retail And Services

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Women In Business Make Strides In Retail And Services

December 20, 2010 by Angela Shupe | 0 Comments

In the past 35 years, female entrepreneurs have come a long way. According to the Post-Tribune, that trip is not yet complete.

In 2007, women owned 7.8 million businesses and accounted for 28.7 percent of all businesses nationwide, according to the survey. These firms generated $1.2 trillion in receipts, about 3.9 percent of all business receipts nationwide. Businesses owned equally by men and women numbered 4.6 million firms, 17 percent of all businesses, and generated $1.3 trillion in receipts, 4.2 percent of all receipts.

Rebecca Blank, acting deputy secretary of the U.S. Department of Commerce, which has been tracking women in business for the past two decades, said when the Census Bureau first measured the statistics in 1972, women owned a little more than 400,000 businesses in the country.

“Women firms are steadily expanding. They show great potential for future growth,” Blank said. Most women-owned businesses are in the services and retail trade, but women are active owners in every business sector.