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North Dakota Women Owned Firms Continue to Grow

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As of 2015, it is estimated that there are just over 9.4 million women-owned businesses in the United States, generating nearly $1.5 trillion in revenues and employing over 7.9 million people.

The states with the fastest growth in the number of women owned firms over the past 18 years are: Georgia (up 132%), Texas (116%), North Carolina (98%), North Dakota (89%) and New York (89%).

In terms of growth in combined economic clout, however – meaning averaging together the rankings in growth in the number, revenues and employment of women-owned firms – the states (and federal districts) in which all of these measures combined place women-owned firms in a much better than average position over the 1997 to 2015 period are: North Dakota, Wyoming, the District of Columbia and Arizona, Georgia and Nevada (all three tied for 4th place).

Read more in the 2015 American Express State of Women Owned Business Report