Women own 30 percent of the businesses in Virginia
- December 9, 2010
Women own 30 percent of the 639,196 nonfarm companies in Virginia, a figure slightly above the national average.
According to the U.S. Census Bureau’s most recent survey of business owners, women own 7.8 million businesses nationwide, an increase of 20 percent since 2002. These firms accounted for 28.7 percent of all nonfarm businesses in the U.S., 6.4 percent of total employment and 4 percent of total receipts.
Based on 2007 economic census data, the figures on businesses are being released in stages during 2010 and 2011. They represent the most recent data since the last survey in 2002.
One takeaway is that the share of businesses owned by women exceeds 22 percent in every state. The District of Columbia, which the census bureau treats as a state, has the highest percentage of women-owned businesses at 34.5 percent. It was followed by Maryland, at 32.6 percent and New Mexico at 31.7 percent.
The majority of women-owned firms, 31.9 percent, operate in the repair, maintenance, personal, laundry services, health care and social assistance industries.
In comparison, men owned nearly twice as many businesses as women, or 13.9 million nonfarm firms nationally in 2007 — about six percent more than in 2002. Those firms employed more people and generated more revenue than firms owned by women.