Did you know that J.E.S. Restaurant Equipment is a woman-owned commercial restaurant equipment dealer? In 2007, the Census Bureau reported 7.8 million businesses, which accounted for 28.7 percent of all businesses nationwide, to be owned by women. These businesses generated about 3.9% of all business receipts nationwide. Woman-owned businesses were fairly constant from state to state. In every state, women owned at least a fifth of the businesses and the percentage exceeded 30% in several states.
The exponential growth of women-owned businesses at a time when other private businesses were losing jobs only strengthened their importance in the economy. Businesses that are fully women-owned or for the majority owned by women grew at nearly twice the rate of all U.S. firms. During this same time period, employment among women-owned firms grew .4% and the annual sales grew 4.4%
Here are a few facts you may not know about women-owned businesses:
Women business owners are very philanthropic. Seven out of ten women business owners volunteer for charitable events at least once per month. 31% of women contribute $5,000 or more annually to a charity. 15% give $10,000 or more
Over half of all women business owners contribute in excess of $25,000 annually to charity—including 19% who give $100,000 or more.
61% of women and 55% of men use the Internet for business purposes. Among internet users, 50% of women and 54% of men-owned firms have web sites.
Women-owned firms show more gender equity. Women business owners employ a roughly gender-balanced workforce (52% women and 48% men).
86% of women entrepreneurs say they use the same products and services at home that they do in their business, for familiarity and convenience.
We here at J.E.S. proudly support the continual growth of woman-owned and other minority owned businesses.
