Women-Owned Business (WOB) in the United States:
- 10.1 million firms are owned by women (50% or more), employing more than 13 million people, and generating $1.9 trillion in sales as of 2008.
- Three quarters of all women-owned businesses are majority owned by women (51% or more), for a total of 7.2 million firms, employing 7.3 million people, and generating $1.1 trillion in sales.
- Women-owned firms (50% or more) account for 40% of all privately held firms. One in five firms with revenue of $1 million or more is woman-owned.
- 3% of all women-owned firms have revenues of $1 million or more compared with 6% of men-owned firms.
North Carolina and Greater Raleigh Woman-Owned Businesses
- There are 79,109 Women-Owned Businesses in North Carolina.
- There are 41,568 WOB in the Raleigh region
NAWBO Member Profile
- Business size: Businesses owned by NAWBO members are larger than the average women-owned business in terms of numbers and employees. 16 percent employ more than eleven people.
- Revenue: 25 percent of NAWBO members make over $1 million in annual sales; 42 percent make over $250K.
- Years in business: NAWBO members have owned their business for an average of 9.7 years.
- Industry: Professional, scientific, and technical services is the industry that captures the highest percentage of the NAWBO members at 21.7 percent.
- Access to capital: To meet their capital needs, NAWBO members utilize business credit cards and personal credit cards. 23 percent of all women-owned firms find capital in personal family savings.
- Technology: 83 percent indicate the use of a business Web site in 2008; up dramatically in the last 10 years.
- Membership value: The three main wants and needs of NAWBO members are making business connections, obtaining education and training, and access to health insurance.
- Education: Generally, NAWBO members are very well educated with 39 percent holding post-graduate degrees.