A woman-owned business in a market segment traditionally dominated by male leadership, 72-year-old Airmatic, Inc. continues to be a success story. The Malvern, Pennsylvania, company sells, installs, and assists in maintaining a variety of industrial products, including foundry shakeout vibrators, and automatic lubricators for machinery and conveyor systems. Airmatic, Inc. is one of a growing number of female-led companies throughout the United States.

1. Women Business Owners -
Decades of Progress
Airmatic Inc

2. Introduction
• A woman-owned business in a market segment traditionally
dominated by male leadership, 72-year-old Airmatic, Inc. continues
to be a success story. The Malvern, Pennsylvania, company sells,
installs, and assists in maintaining a variety of industrial products,
including foundry shakeout vibrators, and automatic lubricators for
machinery and conveyor systems. Airmatic, Inc. is one of a growing
number of female-led companies throughout the United States.
According to the National Association of Women Business Owners,
well over 9 million companies in the country are owned by women.
These enterprises contribute more than $1 trillion annually to the
American economy and employ approximately 8 million people.
In fact, almost one-third of all companies in private hands – and
one-fifth of those with revenues at or exceeding $1 million – are
woman-owned.

3. Women Business Owners
• Most female-owned companies are found in sectors such
as healthcare, retail, and services.
Another sign of progress, women of color hold majority
ownership in about 3 million US businesses, and these
companies produce more than $200 billion in yearly
revenue. In 1997, only about 1 million companies were
owned by women of color, making the growing diversity
among women business owners a significant reflection of
corporate America in the 21st century.
Over the past two decades, the country has seen, on
average, more than 600 new woman-owned firms open
for business every day.