Monday, September 28, 2015

Women-Owned Firms Make Up Sizable Shares of Some Industries But Tend To Be Smaller Than Male-Owned Firms

Businesses Owned by Women, Minorities Lag in Share of Revenue
According to a Pew Research Center analysis of recently released data from the U.S. Census Bureau, women, blacks, Asians and Hispanics have built up substantial positions as business owners in several sectors of the U.S. economy.  But based on revenue, those businesses are on average considerably smaller than white- or male-owned firms.
Overall, men owned more than half of the nation’s 27.6 million firms in 2012, according to preliminary results from the Survey of Business Owners, and women owned more than 9.9 million businesses, about 36% of the total. The remaining 10% of firms were either jointly owned by men and women or could not be categorized by gender because they were publicly traded companies or have large, diverse ownership groups.
Read more:  Businesses owned by women, minorities lag in revenue share

Illustration credit:  Pew Research Center

No comments: