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Women-owned companies accounted for only 19.9% of all companies employing people in the United States in 2018, but their numbers are growing.
Office Of Women’s Business Ownership
There were an additional 6,861 women-owned companies in 2018 compared to 2017, an increase of 0.6% to 1.1 million, according to the Office of Auditors’ (ABS) annual survey.
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The average annual income of an employee of a woman-owned company was slower than the average salary of all employees at the company: the average salary of employees was $38,238, compared to $54,114.
Women-owned companies reported nearly $1.8 trillion in sales, turnover, receipts or revenue and employed more than 10.1 million people with an annual payroll of $388.1 billion in 2018.
The ABS provides information on the race, ethnicity, gender, and status of veterans of business owners with one or more paid employees. Using letters with numbers or symbols.
The number of women-owned companies in the arts, entertainment and entertainment industries increased by 10.5% from 22,219 in 2017 to 24,542 in 2018. Women-owned businesses have also seen growth in the 10 sectors shown in the table below
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The majority of women-owned businesses are owned by white women (82.8% of all businesses), non-minorities (74.6%), non-Hispanics (92.4%) and non-veterans (98.9%).
Women-owned companies tend to focus more on specific sectors than all companies According to the ABS, 191,230 of the 1.1 million nationally owned companies nationwide in 2018, or about 16.8%, are located in the professional, scientific and technical services sector, compared to 14.3% for all companies in this sector.
Employees of women-owned companies are also concentrated in many sectors About 2.0 million people, or about 19.4% of the company’s 10.1 million employees, worked in health care and social assistance in 2018, compared to 14.9% of all company employees.
The average annual income of employees of women-owned companies is also slower than the national average income of all employees of the company: the average salary per person is $38,238, compared to $54,114.
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Women-owned companies in nine of the 20 ABS-covered sectors have higher average annual employee wages than all companies in those sectors.
In 2018, women-owned companies earned an average of $1.6 million in sales revenue or revenue. The company’s revenue doubled to $3.2 million.
With more companies than any other state (742, 139), it’s no surprise that California, the nation’s most populous state, also has the most women-owned companies in 2018.
In Hawaii, women-owned companies account for 24.7% of all companies in the state In Virginia, women-owned companies accounted for 23.7% of all companies and in Colorado, women-owned companies accounted for 22.2% of all companies in the state.
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Women-owned companies in Colombia reported an average annual employee salary of $57,031, which is $38,238 higher than the national average for all women-owned companies in the United States.
In addition to ABS data on women-owned business enterprises, the New Non-Employment Project – Population Statistics (NES-D) publishes data on women-owned non-employee businesses, commonly referred to as self-employment. In 2017, 10.6 million women-owned companies reported sales, transportation, or $286.1 billion.
The NES-D application complements ABS data and includes similar analyzes by race, ethnicity, and veteran status of business owners. It also includes information on businesses, segmentation by industry classification and receipt size and legal form of organization. Combining the ABS and NES-D data gives us the total number of U.S.-owned companies
While governments and communities seek to promote business ownership by local people that reflects people’s race and ethnicity, there is also a drive for business ownership that reflects the gender of the workforce.
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The Office’s ABS and NES-D provide important information that federal agencies can use to promote business ownership by women. The Small Business Administration, the Commerce Department’s Minority Business Development Agency, and the National Women’s Business Council also provide important resources for promoting women-run businesses, along with federal, state, local, and private institutions.
ABS data is only possible because of the millions of businesses that have responded to surveys and office applications
Note: All comparative statements in the text of this article are statistically tested and significant at the 90% confidence level. Comparisons shown in tables and figures are not tested for statistical significance and should therefore be interpreted with caution. Differences in estimates may be the result of model or sampling errors rather than differences in economic conditions Use caution in drawing conclusions from the figures and comparisons presented For more information on survey methods, including sampling error and sampling error, check the ABS website.
Statistics for International Women’s Day: March 8, 2023 March 8, 2023 From 2000 to 2021, the number of women working as veterinarians, pharmacists, mathematicians, MPs and CEOs increased. Statistics for Indigenous Business Development Week: September 18-24, 2022 September 18, 2022 The 2019 Business Survey counted 1,077,319 companies with 9,348,384 employees and 344 annual revenues. 5 billion dollars Statistics for Small Business Week: May 1-7, 2022 The May 1, 2022 County Business Model 2019 found that of the 8.0 million businesses in the United States, 4.3 million have 1 to 4 employees. 100 or more employees under 200,000
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The U.S. undercounts women for STEM careers, but still underrepresented.While women make up nearly half of the U.S. workforce, they make up only 27% of STEM workers, up from 8% in 1970. Inequality in the United States included: Women and the gender gap during Covid-19 on Equal Pay Day and when Women’s Historic Month was recognized, Office data shows that women face wage inequality in the workplace. The nation’s 9.8 million retail workers account for 6.3% of the U.S. workforce. As regional director of the US Patent and Trademark Office in Texas, Shimabu is expected to pursue its strategic direction. Director and responsibilities of the Department of State, Department of Commerce, Intellectual Property and Texas Regional Office. has turned over. Focusing on the region and actively engaging Shimabu communities ensures that initiatives and projects remain relevant to the region’s unique ecosystem and stakeholders.
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Shimabu brings nearly two decades of experience as an engineer and intellectual property lawyer. Shimabu is currently part of the Office of Xerox Corporate General Counsel, serving as vice president and corporate counsel responsible for all intellectual property matters for Xerox Business Services LLC. He also works for BlackBerry to advise on US and Chinese standards, cyber security, technology transfer and intellectual property laws and regulations. As an engineer, he worked for Procter & Gamble and Dell Computer Corporation.
Shimabu is a pioneer in Texas He currently sits on the Board of Visitors of the North Texas School of Law and is an honorary member and the Barbara M. Court’s Lynn IP Inc She is past president of the Intellectual Property Section of the State Bar of Texas, past president of the Dallas Asian American Bar Association, president of the Dallas Diversity Task Force, and a co-chair for DFW Women in Intellectual Property and Services. Group is on the Dallas Bar Association Committee and a member of the Texas District Attorneys Committee – 6th District.
Throughout his career, Shimabu has won a variety of endeavors, including serving as the first Asian-American president of the Texas Intellectual Property Office, and has been honored with the Corporate Advisory Association’s Distinguished Diversity Award. Asia-Pacific Interest Section of the State Bar of Texas He has received numerous professional honors, including recognition as a Creative Hero by the Nominated Center for American and International Law.
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