Women Owned Business in the United States

More than 11.6 million firms are owned by women, employing nearly 9 million people, and generating $1.7 trillion in sales as of 2017.

Women-owned firms (51% or more) account for 39% of all privately held firms and contribute 8% of employment and 4.2% of revenues.

Businesses Owned by Women of Color

5.4 million firms are majority-owned by women of color in the U.S.

These firms employ 2.1 million people and generate $361 billion in revenues annually.

Million Dollar Businesses

One in five firms with revenue of $1 million or more is woman-owned.

4.2% of all women-owned firms have revenues of 1 million or more.

Statistics from the American Express OPEN "The State of Women-Owned Businesses  2017” for full report click here.

About NAWBO Richmond

Here in Richmond, we take pride in our commitment to leadership, education, and the encouragement of women-owned businesses in and around the Richmond region. Our strength comes from the diversity of our membership—women from all backgrounds, regardless of race, religion, age, sexual orientation, national origin, or disability.  

NAWBO features chapters in almost every metropolitan area in the United States, including the Richmond Chapter. NAWBO Richmond was founded in 1982 by a group of like-minded women who understood the need for an association that would support the growth of women-owned business in our area. 

Through events such as the Women of Excellence Award Ceremony and our regular monthly programming, NAWBO Richmond is here to help you:

An investment in a NAWBO membership provides a portfolio of benefits that propel business growth and fuel personal and professional development.

NAWBO is proud to serve as the voice of the nation’s over 10 million women-owned businesses and represent women entrepreneurs in all sectors, sizes and stages of development.  The diversity in our membership strengthens our voice across the country as all women entrepreneurs are encouraged to bring their expertise and insight to our table. 

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