Scaling Up: Why Women-owned Businesses Can Recharge The Global Economy
The women-owned businesses, far from being a niche market can also be the tipping point for a global economic comeback. A new study by the Center for Women’s Business Research shows that the 8 million womenowned enterprises in the US have an annual economic impact of nearly US$3 trillion dollars. They create or maintain more than 23 million jobs — 16% of all US employment. Worldwide, women own or operate 25% to 33% of all private businesses, according to the World Bank. Women-owned enterprises grow faster than those owned by men and faster than businesses overall.