A study done by the Center for Women’s Business Research estimates that women-owned businesses produce jobs for 16% of the US workforce, contribute nearly $3 trillion to the economy, and create or maintain roughly 23 million jobs! This proves the huge significance that women-owned firms have on our economy, even during a downturn. Some other interesting findings include:
> if women-owned firms were their own country, they would have the 5th largest GDP in the world, ahead of France, the UK and Italy.
> if women-owned firms were their own country, they would have a GDP greater than Canada, India, and Vietnam combined.
Click here to read more from the Center for Women’s Business Research.