Come March 8 – International Women’s Day – female entrepreneurs will take a well-earned bow for achievements they’ve made in business. A few factoids* provide some perspective:
- More than 9 million firms in the U.S. are owned by women, employing nearly 8 million people, and generating $1.4 trillion in sales as of 2014.
- Women-owned businesses account for 30% of all privately held firms and contribute 14% of employment. These companies employ 1.4 million people and generate $226 billion in revenues annually.
- 2.9 million firms are majority-owned by women of color in the U.S.
* Factoids courtesy of National Association of Women Business Owners
CDC Small Business Finance has approved $1.5 billion in total financing for women-owned companies, including $61 million in 2014 that women entrepreneurs used to buy their own commercial/industrial building.