October 7, 2010 |
Private businesses owned by women have grown in number and hired more workers than male-owned businesses, according to the U.S. Department of Commerce. The report also found such firms lag behind male-owned businesses in financial capital, revenue and salaries. The number of companies owned by women grew by 44% to 7.8 million from 1997 to 2007, compared with a 22% increase in firms owned by men, the Commerce Department report found. Male-owned firms in 2007 totaled 13.9 million. The Commerce Department also found women in business added 500,000 workers to their payrolls while firms owned by men shed almost 2 million jobs during the period.
August 16, 2010 |
In 1994, Congress passed a law requiring that a minimum of 5% of the money spent on government contracts go to the nation's businesses that are majority-owned by women. That was great news for women who believed they had never received a fair share of those contracts. But the government didn't reach that mandated goal, and six years later Congress passed the Equity in Contracting for Women Act to give women-owned businesses more traction getting federal contracts. That program was never implemented.
February 8, 2010 |
Dear Karen: I'm a female sole practitioner in the service sector. Do I qualify as a minority small-business owner? Answer: As a sole practitioner, you qualify as a small-business owner under the guidelines of the Small Business Administration. Women-owned businesses are not considered minority-owned, but there are significant financing assistance programs and contracting advantages for certified women-owned businesses. Many resources exist to aid women business owners, such as the SBA's Women's Business Centers, www.sba.
June 29, 2007 |
While playing "hospital" one day as a child, Rebecca Congleton Boenigk recalled her mother rushing into the room to teach her an early lesson in girl power: Just because you're a girl doesn't mean you have to play the nurse. "I thought, 'OK, I'll be the doctor,' " Boenigk said. Today, Boenigk runs Neutral Posture Inc., a business she founded with her mom, Jaye Congleton, 18 years ago.
December 4, 2001 |
Women-owned businesses are having a greater economic impact in the Los Angeles area than in any metropolitan area in the country, based on size, sales and number of firms, according to a study to be released today . New York leads the nation in the number of women-owned firms--with a projected 230,765 firms by 2002, according to the Center for Women's Business Research. Los Angeles is No. 2, with 213,759 women-owned firms estimated in Los Angeles County by 2002, the report said.
April 4, 2001 |
The number of U.S. businesses owned by women increased by 16% between 1992 and 1997, triple the growth rate of all firms, according to census figures released today. California once again led the nation with more than 700,000 women-owned firms. But a change in the way the Census Bureau defines women-owned firms means there are far fewer of them than previously believed. That has some women's groups questioning whether the data accurately reflect the activity of female entrepreneurs.