La. ranked 13th for growth of women-owned businesses

La. ranked 13th for growth of women-owned businesses




Since 1997, the number of women-owned businesses in Louisiana has grown by 60.9%—from an estimated 70,550 to 113,500 at the outset of 2012—which places it 13th among all U.S. states for such growth. That's according to a new study by American Express OPEN, based on analysis of U.S. Census Bureau data. Nationally, the number of women-owned businesses has increased 54% since 1997, from roughly 5.4 million to 8.4 million. Though the number of women-owned businesses has skyrocketed in Louisiana over the past 15 years, employment by them has actually decreased by 6%, while their sales have increased by 123%. The report says women-owned businesses employ 108,800 in Louisiana and account for $25.6 million in sales. Nationally, women-owned businesses employ about 7.7 million and account for $1.29 billion in sales.



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