2024 Wells Fargo Impact of Women-Owned Business Report

Women-owned businesses continue to fuel the economy, representing 39.1% of all businesses – over 14 million – employing 12.2 million workers, and generating $2.7 trillion in revenue. 

According to the 2024 Wells Fargo Impact of Women-Owned Business Report, in partnership with Ventureneer, CoreWoman, and Women Impacting Public Policy (WIPP), the number of women-owned businesses between 2019 and 2023 increased at nearly double the rate of those owned by men; and from 2022 to 2023, the rate of growth increased to 4.5 times.

Access the report here.

Addressing Gaps Between Men and Women Entrepreneurs Worldwide

For 23 years, the Global Entrepreneurship Monitor (GEM) has provided data to guide policymakers' decisions. The latest GEM report focusing on women offers insights into many aspects of entrepreneurship.

With an estimated 274 million women involved in business startups worldwide, they are a force that can drive post-pandemic recovery globally, according to 2020/21 Women's Entrepreneurship Report: Thriving through Crisis.

Read on to discover the key findings on the report from Geri Stengel, Forbes contributor and president of Ventureneer.