Center for Women's Business Research Announces Top Ten States and Metro Areas For Women-Owned Businesses.WASHINGTON -- Majority women-owned firms are growing at a rate nearly twice the U.S. average, contribute $1.1 trillion in revenues to the economy and create jobs for 7.2 million Americans. The Center for Women's Business Research today announced its biennial biennial, plant requiring two years to complete its life cycle, as distinguished from an annual or a perennial. In the first year a biennial usually produces a rosette of leaves (e.g., the cabbage) and a fleshy root, which acts as a food reserve over the winter. update of state and metro area This article is about the music production team. For the article about population centers, see metropolitan area. Metro Area are a Brooklyn-based dance music production team composed of Morgan Geist and Darshan Jesrani. figures for women-owned businesses. Drawing on the most recently available U.S. Census data, the research provides the most comprehensive statistical snapshot of today's 7.7 million majority women-owned firms (firms at least 51% owned by a woman or women). The data released by the Center looks at the impact of these firms in individual states, regions and metropolitan areas. OPEN from American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. (SM) is the exclusive underwriter of the reports, Women-Owned Businesses in 2006: Trends in the U.S. and 50 States and Women-Owned Businesses in 2006: Trends in the Top 50 Metropolitan Areas. "Between 1997 and 2006, the performance of majority women-owned firms outpaced the economy as a whole," said Marjorie Alfus, chair, Center for Women's Business Research. "Their growth in sales and employees was modest, 4.4% and 0.4% respectively, but surpassed that of all privately-held firms, which had negative growth (declines of 1% in sales and 1.2% in employees.) Women-owned firms continued growing in number at nearly twice the rate of all firms, 42% compared to 23% for all firms." The report reveals impressive growth and the substantial economic contributions women entrepreneurs are making across the country. Five of the fastest growing metro areas for majority women-owned firms are in Florida: Fort Lauderdale Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. ; West Palm Beach-Boca Raton; Tampa-St. Petersburg; Orlando; and Miami. The other half are geographically diverse: Phoenix; New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ; Suffolk-Nassau counties, NY; Atlanta; and Virginia Beach Virginia Beach, resort city (1990 pop. 393,069), independent and in no county, SE Va., on the Atlantic coast; inc. 1906. In 1963, Princess Anne co. and the former small town of Virginia Beach were merged, giving the present city an area of 302 sq mi (782 sq km). , VA. The top ten states for majority women-owned firms are, in rank order: California, New York, Texas New York is a hamlet in Henderson County, Texas, USA, about 11 miles east of Athens. Geography New York lies at the intersection of FM 804 and FM 607 in a stereotypically flat portion of East Texas, surrounded mostly by farm land. , Florida, Illinois, Pennsylvania, Ohio, New Jersey, Michigan, and Georgia. The rank is based on a combination of the number of firms, sales and employees. The top ten states with the fastest growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. for majority women-owned firms are: Florida; Arizona; Hawaii; Georgia; New York; Virginia; New Hampshire/New Jersey (tied at 7th); Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. ; and Nevada. "Over the past ten years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time number of majority women-owned firms just within the top ten states grew by 64 percent, and the number of these companies with employees increased 17 percent," said Susan Sobbott, president, OPEN from American Express([R]). "The current and potential impact of women entrepreneurs on their local economies across geographies is profound. Universally, majority women-owned businesses are growing twice as fast as the national average. While big employers today, over time their presence will only increase. OPEN supports their potential through initiatives like the Make Mine a $Million Business movement, which provides tangible mentoring, money and marketing resources to high-potential women innovators who aspire to aspire to verb aim for, desire, pursue, hope for, long for, crave, seek out, wish for, dream about, yearn for, hunger for, hanker after, be eager for, set your heart on, set your sights on, be ambitious for $1 million in annual revenues." Between 1997 and 2006, the top ten metro areas based on number of firms, sales and employees for majority women-owned firms are: Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. ; New York; Chicago; Washington, DC; Atlanta; Boston; Houston; Philadelphia; Santa Ana-Anaheim; Dallas; and Detroit. For the first time, the Center for Women's Business Research is also releasing data on women-owned businesses by region, which are based primarily on Census Bureau Noun 1. Census Bureau - the bureau of the Commerce Department responsible for taking the census; provides demographic information and analyses about the population of the United States Bureau of the Census -defined regions. The South Atlantic Region (FL, GA, NC, SC, VA, and WV) showed across the board growth for majority women-owned firms. Between 1997 and 2006, the 1.3 million firms increased 72% in number, 15% in sales, 15% in employees and firms with employees increased 24%. Figures for minority women-owned businesses will be released in the first quarter of 2007. Publications available on the Center for Women's Business Research's website include tables and fact sheets for the 50 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). (http://www.womensbusinessresearch.org/states2006); nine regions encompassing the 50 states and the District of Columbia (http://www.womensbusinessresearch.org/regions2006; and the top 50 metropolitan statistical areas (http://www.womensbusinessresearch.org/metros2006). The full reports, Women-Owned Businesses in 2006: Trends in the U.S. and 50 States and Women-Owned Businesses in 2006: Trends in the Top 50 Metropolitan Areas are available from the Center for Women's Business Research both in print ($190 for each volume) and electronically ($90 for one-time download), and includes fact sheets for each state and metro area as well as national fact sheet and trends. (Discounts are available for Center Corporate Partners and NAWBO NAWBO National Association of Woman Business Owners members.) For further information, contact: Center for Women's Business Research, 1411 K Street, NW, Suite 1350, Washington, DC 20005-3407. Phone: 202-638-3060, ext. 710. Email: info@womensbusinessresearch.org, Website: www.womensbusinessresearch.org. Center for Women's Business Research The Center for Women's Business Research turns research into knowledge--the most up-to-date and comprehensive knowledge about one of the most dynamic and fastest growing sectors of the U.S. economy: the 10.4 million businesses owned by women. Our research enables America's top corporations, government policymakers, associations, and advocacy organizations to make informed, progressive decisions about programs and policies designed to reach and benefit women entrepreneurs. The Center's mission is to provide knowledge that propels the growth of women business owners Many online and offline organizations have been created to collect information about businesses around the world owned and operated by women. Many other organizations have been created to assist the women that own and operate those businesses. and their enterprises by: setting the national agenda; creating insight on the status and achievements of women business owners; altering perceptions about the economic viability and progress of women-owned enterprises; and driving awareness of the economic and social impact of this vital business sector. Visit us online at www.womensbusinessresearch.org About OPEN from American Express([R]) OPEN is the American Express team dedicated exclusively to the success of small business owners and their companies. The OPEN Team supports business owners with unparalleled service. With tailored products and services, the team delivers purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. , flexibility, control and rewards to help customers run their business. Specifically, business owner customers can leverage an enhanced set of products, tools, services and savings, including charge and credit cards, convenient access to working capital, robust online account management capabilities and savings on business services from an expanded lineup of partners. To obtain more information about OPEN, visit www.OPEN.com, or call 1-800-NOW-OPEN to apply for a Card or loan. Terms and conditions apply. American Express Company (www.americanexpress.com) is a leading global payments, network and travel company founded in 1850. |
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