Tennessee Census-Based Report Shows Growth Trends In Women-Owned Businesses

Thursday, March 27, 2014

Tennessee has an estimated 165,900 women-owned firms, employing 117,300 and attributing to roughly $25,150,400,000 according to the fourth annual American Express OPEN State of Women-Owned Businesses Report, a comprehensive report analyzing the 1997, 2002, and 2007 data from the U.S. Census Bureau’s quinquennial business census, the Survey of Business Owners.

 

Similar to previous annual reports released this time last year, the unique analysis, reported by industry, revenue and employment size at the national and state levels, shares a new and nuanced investigation into the growth trends among the 9.

1 million women-owned enterprises over the past 17 years. 

 

Nationally, the number of women-owned businesses has increased 68% since 1997.  Tennessee is ranked 14th (66.3 %) in growth of number of firms over the past 17 years and 26th (73.0%) in growth of firm revenue between 1997 and 2014. 

 

Below is a table comparing Tennessee’s women-owned firms data to the national numbers

Trend in Growth of Women-Owned Firms by State, 1997-2014

 

Women-Owned Firms

% Change, 1997-2014

1997

2002

2007

2014 (est.)

Total US

 

 

 

 

 

Number of Firms

5,417,034

 6,489,483

 7,793,139

 9,087,200

67.8%

Employment

7,076,081

 7,146,229

 7,579,876

 7,854,200

11.0%

Sales ($000)

$818,669,084

$940,774,986

$1,202,115,758

$1,410,940,800

72.3%

Tennessee

 

 

 

 

 

Number of Firms

99,772

117,935

142,451

165,900

66.3%

Employment

142,080

116,955

126,083

117,300

-17.4%

Sales ($000)

$14,538,315

$17,640,826

$21,387,001

$25,150,400

73.0%

 

 


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