Last week, American Express’s eighth annual State of Women-Owned Businesses Report, which analyzes data from the U.S. Census Bureau’s Survey of Business Owners, was released. Washington is estimated to have 209,400 women-owned businesses — a number that is 32.6 percent higher than it was in 2007.
Washington’s growth in women-owned firms since 2007 puts it in the middle of the pack — at No. 28 — relative to other states’ growth. The state also ranked No. 9 in growth of jobs created (32.1 percent increase) and No. 22 in growth of firm revenues (38.5 percent increase).
The State of Women-Owned Businesses Report considers data as early as 1972, which is when the U.S. Census Bureau first provided data on minority- and women-owned businesses. At that time, 402,000 women-owned businesses were recorded; 46 years later, that number has increased 31 times over. There are now 12.3 million business owned by women in the United States. Washington state accounts for 209,400 of those businesses in 2018.