No News is Bad News. Join the SA Current Press Club.

Tuesday, September 24, 2019

Who Run the World?: San Antonio Tops the Nation in Job Growth at Women-Owned Businesses

Posted By on Tue, Sep 24, 2019 at 2:22 PM

click to enlarge STARTUP STOCK PHOTOS
  • Startup Stock Photos
The Alamo City is the top-ranked U.S. metro in growth of jobs at women-owned businesses, according to a new report based on Census data.

San Antonio's female-owned businesses experienced an almost 35% jump in employment over the past five years, putting the city at the top of the 50 largest U.S. metros compared in the annual State of Women-Owned Businesses Report.



San Antonio also ranked 13th in growth of its number of women-owned firms and 7th in revenue growth at women-owned firms, according to the report.

Texas is home to an estimated 979,000 women-owned businesses that employ roughly 836,000 people, the research shows. Their combined sales top $142.2 billion.

The report also reveals:
  • The number of U.S. women-owned businesses grew by 21% over the past year, more than double the overall rate.
  • Women of color represent 39% of the total female population but account for 89% of net new women-owned businesses started over the past year.
  • More than half of women-owned businesses are in three industries: services such as hair salons and pet-care businesses; healthcare and social assistance; and professional, technical and scientific services.
Stay on top of San Antonio news and views. Sign up for our Weekly Headlines Newsletter.

Tags: , , , , , , , , , , ,

San Antonio Current works for you, and your support is essential.

Our small but mighty local team works tirelessly to bring you high-quality, uncensored news and cultural coverage of San Antonio and beyond.

Unlike many newspapers, ours is free – and we'd like to keep it that way, because we believe, now more than ever, everyone deserves access to accurate, independent coverage of their community.

Whether it's a one-time acknowledgement of this article or an ongoing pledge, your support helps keep San Antonio's true free press free.

Read the Digital Print Issue

September 9, 2020

View more issues

Newsletters

Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Calendar

© 2020 San Antonio Current

Website powered by Foundation