Women Make Strides in Business Ownership
By Ruth Simon. Published in The Wall Street Journal
, August 19, 2015.
The growth rate of new businesses remains stalled, but the share of women-owned firms has climbed.
While the growth rate of new businesses remains stalled, fresh government data shows that the share of women-owned firms has climbed.
The total number of U.S. firms edged up 2% to 27.6 million between 2007 and 2012, according to preliminary U.S. Census Bureau data released this week. But the number of women-owned firms grew much faster, rising 27% during that time.
The overall figures provide the latest evidence of a worrisome decline in business formation. The number of firms with paid employees fell by 5% to 5.4 million between 2007 and 2012 and is 2% below 2002 levels, according to the new census data.
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