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2016 Women-Owned Firms Credit Survey

2016 Small Business Credit Survey: Report on Women-Owned Firms 

Federal Reserve Banks of New York & Kansas City

First published November 2017

Majority women-owned firms, where 51 percent or more of the business is owned by women, are an important segment of U.S. businesses. Since 2007, women-owned firms in the United States, both the self-employed and firms with employees (“employer firms”), have been growing—in number and as a share of all U.S. firms. As of 2015, women-owned firms totaled over one million and accounted for one-fifth of U.S. firms. Among women-owned employer firms, jobs and annual receipts have grown since 2012. Between 2007 and 2015, the share of employment by small women-owned firms increased by twenty percent, while the share of employment by all small firms declined by about four percent.

This report uses a unique dataset to examine the experiences of women-owned small employer firms, especially as compared to their men-owned peers. Small employer firms have traditionally played an important role in U.S. job creation,8 and women-owned firms are an emerging share of the sector. Understanding the opportunities and challenges facing this growing segment of women-owned employers can provide insight into future economic contributions of the sector overall. 

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