California has an estimated 1.1 million women-owned firms, 427,800 in LA alone. These businesses employ 984,000 (393,400 in LA) and contribute $200 billion ($85.3 billion in LA) to the economy.
From L.A. Biz:
Business is picking up for women in California, and across the country, according to the fourth annual American Express OPEN State the of Women-Owned Businesses Report.
“We’ve seen much more diversity in the kinds of businesses women are owning over the past 10 to 15 years,” Julie Weeks tells me. Weeks is an American Express OPEN research advisor and author of the report. “We looked at the number of women-owned businesses started every day,” says Weeks.
Weeks is the President and CEO of Womenable, a for-profit social enterprise that looks to grown women’s entrepreneurship worldwide. Her report analyzed the 1997, 2002, and 2007 data from the U.S. Census Bureau’s quinquennial business census, the Survey of Business Owners..
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