06/23/2014

Georgia is No. 1 in the U.S for Highest Growth of Women-Owned Firms

Guest Blog Post from MyLife

women-biz-chart-625

Many of us remember a time when the business world was dominated by men. Thankfully that is becoming less and less true, as every day we are seeing more women open up businesses.

Have you ever wondered how much Georgia has grown in the area of women-owned business? American Express OPEN recently released their State of Women-Owned Businesses Report, which reveals some interesting trends. A sheer numbers comparison turns out as expected, with the most populous states having the highest number of businesses opened by women.

What was more interesting, however, was a percentage growth comparison between the states, as some states nearly doubled their numbers between 1997 and 2013, and one state more than doubled its number.

We thought it would also be interesting to go a step further and calculate which states have the most women-owned businesses per capita, using Census population estimates for 2013.

The data revealed the growth of women-owned businesses and its changes over the last 16 years – Georgia showed to have the highest growth rate of 111.17%.

According to a recent analysis of data created by MyLife, a social media website, more women are opening up businesses than ever before.

The analysis included three sets of data for each state:

  • % of Growth of Women-Owned firms
  • Total # of Women-Owned firms 2013
  • Women-Owned Firms per Capita

Georgia’s total number of women-owned firms in 2013 was 308,200 and .0308 per capita. You can see this data visualized in the image below, or you can keep scrolling to view it in a table.

women-biz-625

Read the full analysis.

About MyLife
MyLife is a social media website that connects people and helps you control your online information, including managing your e-mail and social accounts, and helping people reunite with long lost family and friends. MyLife has been featured by sites such as The Wall Street Journal, BCC, Yahoo!, and TechCrunch.

Contact GDEcD

For more information on Georgia’s public-private business partnerships, contact the Georgia Department of Economic Development at 404.962.4000.

More About Georgia Benefits

Georgia’s industry-specific Project Analysts are available to help you with a wide range of business needs:
  • Site and building services
  • Location data
  • Community contacts and facilitation
  • Cost environment analysis
  • Coordination with state agencies
  • This field is for validation purposes and should be left unchanged.