Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

May 21, 2013

Maine near bottom for women-owned biz growth

A national report assessing fast-growing, women-owned businesses ranked Maine 47th out of 50. But the survey showed women-owned business here are still on the rise.

The third annual Women-Owned Business Report commissioned by the New York-based American Express Co. estimates that Maine will have 40,500 companies, employing 30,000 people, that are owned by women this year. That women-owned business total includes employer and non-employer businesses.

That's up from 30,598 women-owned businesses in 1997, a 32.3% jump, according to U.S. Census Bureau data. But other states have seen greater increases. For instance, in the District of Columbia the number of women-owned businesses is expected to increase 65.2% over the same period.

The report projects the number of women-owned firms in Maine will jump 5.2% from 38,490 in 2007 to 40,500 in 2013.

That's in line with a general 3.8% projected increase in the total number of businesses in the state, from 150,480 in 2007 to 156,300 this year.

The share of women-owned firms will increase just slightly over the same time period, from 25.5% to 25.9% of all Maine firms.

The study's rankings also assessed the revenue and employment growth at women-owned businesses. Women-owned businesses in Maine grew 32.3% since 1997, revenues grew 12.9% and employment 6.1%.

See how Maine's women-owned businesses stack up in the full report and in the historical census data below:

Sign up for Enews

Mainebiz web partners

Comments

No More articles left

To read more, please
Login or Register (free)

 

To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy

Allow Cookies