Connecticut has an estimated 102,900 women-owned firms, an increase of 42.1 percent over the past 18 years, according to a new report by American Express Open.
Connecticut has an estimated 102,900 women-owned firms, an increase of 42.1 percent over the past 18 years, according to a new report by American Express Open.
The fifth annual State of Women-Owned Business Report showed Connecticut ranked 43rd in the nation for the number of women-owned firms since 1995. The national growth rate over the past 18 years has been 74 percent.
Connecticut's women-owned firms ranked 28th in revenue growth over that same time period, an increase of 80 percent to $16.7 billion in sales. The national growth rate was 79 percent.
The report analyzes data from the U.S. Census Bureau's business census, which occurs every five years. The numbers for 2015 are estimated and compared to 1997, 2002, and 2007.
Connecticut nearly doubled the national growth rate for employment at women-owned firms. In 2015, Connecticut had 95,000 employees at such firms, an increase of 21 percent since 1997. Nationally, the increase was 12 percent.
– Brad Kane
