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Women-Owned Business Growing 5X Faster Than National Average

Lifestyle and services companies are among fastest growing areas, according to American Express.

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By: Christine Esposito

Editor-in-Chief

Over the past nine years, the number of women-owned firms has grown at a rate five times faster than the national average, reaching a post-recession high, according to the 2016 State of Women-Owned Businesses Report, commissioned by American Express Open. The sixth annual report, which is based on historical and current U.S. Census Bureau data and Gross Domestic Product data, found that between 2007 and 2016, the number of women-owned firms rose by 42% with women starting 1,072 (net) new busines...

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