Growth of Women-Owned Firms and All Firms, 1997-2006 ( Center for Women’s Business Research, underwritten by OPEN from American Express, copyright 2006)
The Center for Women’s Business Research released a bar graph depicting the growth of women-owned firms and all firms from 1997 to 2006 with three categories represented: firms, employees and sales. During this time period, women-owned firms grew at almost twice the rate of other firms while at the same time only employing a fraction of the amount of employees of all other firms.
Topic: Should the new administration offer incentives for investing in women-owned businesses?
Category: Institutional ( Image)
What is it? A bar graph comparing growth percentages between women-owned firms and all firms from 1997-2006.
Publication Information: Center for Women’s Business Research, OPEN from American ExpressSM is the exclusive underwriter of the 2006 biennial update.
Location: http://www.cfwbr.org/assets/346_2006factsheetchart2.gif
Accessed: March 12, 2009. 18:30 PST. Google image search: Women-Owned Business
Support:
Center for Women’s Business Research- a nonprofit research organization certified 501(c)(3) by the Internal Revenue Service.
OPEN from American Express- OPEN works with the Center for Women’s Business Research to help quantify the significant contribution women are making in the economy in terms of economic growth and job creation. OPEN also provides financial grants and loans targeting businesses owned by women.
OPEN from American Express is the exclusive underwriter of the 2006 biennial update of statistics involving women in business from the Center for Women’s Business Research. The CWBR is sponsored by thousands of supporters who are listed here.
Audience and Agenda: According to nfwbo.org, The Center for Women’s Business Research is a source for trends, characteristics, achievements, and challenges of women business owners and their enterprises. The research enables America’s top corporations, government policymakers, associations, and advocacy organizations to make informed, progressive decisions about programs and policies designed to reach and benefit women entrepreneurs. Their mission is to provide data-driven knowledge to advance the economic, social and political impact of women business owners. The primary audience for the data collected by this organization are policy makers, corporations, associations and educators, and women business owners.
Usefulness: The research conducted by the Center for Women’s Business Research is used to identify weaknesses and inequalities within the American economy. The data from 1997 to 2006 shows that women-owned firms have grown by twice the percentage of all other firms; however, the growth percentage of number of employees and sales are drastically lower than firms not owned by women. This could be the result of the annual budget the government provides for women’s business centers, which was $20 million in 2007 according to Mark Henricks from The Industry Standard. The Center for Women’s Business Research issued a press release about the graph in which they only mentioned the growth of women-owned firms, and left out the fact that sales and number of employees has not grown along with the firms. The article, “Time to End Gender-Bias in Start-up Support”, uses the data from the graph to assert that the government should lessen the support it provides for women’s business centers.
Works Cited:
http://www.cfwbr.org/assets/346_2006factsheetchart2.gif
http://www.nfwbo.org/about/index.php
http://www.nfwbo.org/supporters/index.php
http://www.thestandard.com/news/2008/09/19/time-end-gender-bias-startup-support
Filed under: Institutional Sources, Source Notes Tagged: | Center for Women's Business Research, women-owned business
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