More women-owned firms are reaching $10 million in revenue, study finds

03/5/2013 | Empower Lounge

The number of women-owned companies with at least $10 million in revenue jumped 56% during the past decade, according to a report commissioned by American Express OPEN. The report analyzes data differently than most government research, says Julie Weeks, president and CEO of Womenable. It counts companies led by women, even if those companies have grown past the 51% ownership definition by adding investors or senior managers, or by going public. Part of the reason for women's success in building high-growth firms might be that they have access to more role models and support networks, Weeks said.

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