Oklahoma Women-Owned Businesses Increase

THE JOURNAL RECORD, May 12, 1999 | Go to article overview

Oklahoma Women-Owned Businesses Increase


WASHINGTON (JR) -- The number of women-owned businesses in Oklahoma increased 32.4 percent to 119,400 from 1992 to 1999.

Employment by Oklahoma's women-owned businesses increased 96.8 percent to 278,400 during the seven years, according to the National Foundation for Women Business Owners.

Sales by the woman-owned business in Oklahoma increased 126.8 percent to $36.7 billion from 1992 to 1999. Nationwide, the number of women-owned businesses more than doubled during the past 12 years, according to a new report by the National Foundation for Women Business Owners. Employment in women-owned firms has increased fourfold since 1987 and sales have grown fivefold, demonstrating their escalating impact on the economy. "The latest figures show the phenomenal expansion of women-owned businesses," said Lois E. Haber, NFWBO chair and president and CEO of Delaware Valley Financial Services in Berwyn, Pa. "In the past decade, women-owned businesses have doubled in number, but even more impressive, the number of employees has grown more than four times and sales have increased more than five times." There are 9.1 million women-owned businesses in the United States representing 38 percent of all businesses employing 27.5 million people and generating more than $3.6 trillion in sales annually. NFWBO's analysis shows that from 1987 to 1999, the number of women-owned firms in the U.S. increased 103 percent. Employment grew 320 percent and sales skyrocketed 436 percent. NFWBO's report, "1999 Facts on Women-Owned Businesses: Trends in the U.S. and the 50 States," was sponsored by the organization's Leadership Circle, entrepreneurs who support NFWBO's mission to encourage the growth of women-owned enterprises through research and sharing information. …

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