April 04. 2013 11:00AM - Last modified: April 04. 2013 11:38AM

Number of women-owned firms in state up 8.3% since 2007

There are now 121,800 number of women-owned businesses in Wisconsin, an increase of 8.3 percent since 2007, according to the third annual State of Women-Owned Business Report commissioned by American Express OPEN.

The report analyzes the 1997, 2002 and 2007 data from the U.S. Census Bureau’s quinquennial business census.

The number of women-owned businesses in Wisconsin is up 16.9 percent since 2002 and is up 36.4 percent since 1997.

The state’s growth pace of women-owned businesses trails the national average. There are now 8.6 million women-owned businesses in the U.S., according to the report, up 10.6 percent from 2007, up 32.8 percent from 2002 and up 59.1 percent from 1997.

Wisconsin ranks 37th lowest in the growth of the number of women-owned firms in the last 16 years.
The state’s 121,800 women-owned businesses have 155,400 employees and is expected to have total sales of $23.09 million this year.