A new report by the Center for Women’s Business Research on The Economic Impact of Women-Owned Businesses in the United States measures the contributions of women-owned firms to the domestic economy. Based on the report, A Yard & A Half Landscaping remains in the top 3% of women-owned U.S. companies.
Major findings include:
- In 2008-2009, 3% of women-owned companies (and 6% of male-owned companies) had sales over 1 million.
- Approximately 8% of the total labor force work directly for a woman-owned firm.
- Women-owned businesses contribute nearly $3 trillion to our national economy and create or maintain 23 million jobs.
- If women-owned businesses were their own country, they would have the 5th largest GDP in the world, ahead of countries including France, the United Kingdom, and Italy.
“Women-owned firms employ or generate a total of 16% of the jobs in our nation’s economy,” said Gwen Martin, executive director and director of research for the Center for Women’s Business Research. “Job creation is desperately needed in our country today. A job not only supports a worker, it provides for a family, and creates purchasing power that supports local and national economies.”