This presentation will discuss issues facing the Canadian economy as it heads for slower economic growth.
World economies are facing difficulties due to many factors like Brexit or China/USA trade wars or Excessive Government Regulations or lack of investment infrastructure
Geopolitical events in Middle East, South Asia Sea, Government changes in UK, Australia, etc.
This report provides a fact-based assessment of Michigan’s economic competitiveness relative to other states. Michigan’s performance is compared on key output (e.g., employment, GDP) and input (e.g., labor cost) metrics. A set of “traditional,” “new economy,” and “Top Ten” benchmark states were used to provide multiple reference points to evaluate Michigan’s performance.
While the intent of this report is not to make recommendations, general conclusions are outlined. These conclusions are used by Business Leaders for Michigan to help develop strategies for making Michigan a “Top Ten” state for jobs, personal income, and a healthy economy.
Canada has been going through a period of slow growth since 2018. The inaction of the Liberals through bad tax policies along regulatory burden have expedited the slow growth. The Liberals approach was not about reforming govt, but growing the size and cost of govt.
This presentation will discuss issues facing the Canadian economy as it heads for slower economic growth.
World economies are facing difficulties due to many factors like Brexit or China/USA trade wars or Excessive Government Regulations or lack of investment infrastructure
Geopolitical events in Middle East, South Asia Sea, Government changes in UK, Australia, etc.
This report provides a fact-based assessment of Michigan’s economic competitiveness relative to other states. Michigan’s performance is compared on key output (e.g., employment, GDP) and input (e.g., labor cost) metrics. A set of “traditional,” “new economy,” and “Top Ten” benchmark states were used to provide multiple reference points to evaluate Michigan’s performance.
While the intent of this report is not to make recommendations, general conclusions are outlined. These conclusions are used by Business Leaders for Michigan to help develop strategies for making Michigan a “Top Ten” state for jobs, personal income, and a healthy economy.
Canada has been going through a period of slow growth since 2018. The inaction of the Liberals through bad tax policies along regulatory burden have expedited the slow growth. The Liberals approach was not about reforming govt, but growing the size and cost of govt.
I am a weekly columnist for a daily newspaper, Navhind times in Goa. This article was published on 24th Oct. and is also available with following link
http://www.navhindtimes.in/metoo-and-the-cost-it-imposes-on-the-economy/
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Signature content of MTBiz is its Article of the Month (AoM), as depicted on Cover Page of each issue, with featured focus on different issues that fall into the wide definition of Market, Business, Organization and Leadership. The AoM also covers areas on Innovation, Central Banking, Monetary Policy, National Budget, Economic Depression or Growth and Capital Market. Scale of coverage of the AoM both, global and local subject to each issue.
MTBiz is a monthly Market Review produced and distributed by Group R&D, MTB since 2009.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
This presentation will look at employment trend by demographics as well as sector and province.
The presentation will discuss growth areas of employment, especially in areas of temporary work.
Informal employment refers to jobs or activities in the production and commercialisation of legal goods and services that are not registered or protected by the state. Informal workers are excluded from social security benefits and the protection afforded by formal labour contracts. The majority of them cannot opt for scarce better jobs in the formal sector. Others voluntarily opt out of the formal system. For them, the savings from being completely or partly informal – no social security contributions, no tax payments, no binding labour regulations, and more freedom for business activities – outweigh the benefits accrued through registration and compliance. The prevalence of informal employment in the developing world is striking. Even before the current crisis, over half of non-agricultural jobs there could be considered informal.
Real truth - Canada and United States - GDP - January 2018paul young cpa, cga
GDP is key measurement for a country. Allot is said about GDP, especially by various government. The reality is government gets to much credit for booming economy and too much fault for recession.
There are many factors drive GDP including taxation, business returns, consumer spending and government spending. 2/3 of economies tend to be driven by consumer spending. If you set policies that takes more money out people’s pocket book then that will lead to less consumer spending.
Canada no longer has the fastest growing economy in the G-7 - http://www.gbm.scotiabank.com/English/bns_econ/forecast.pdf
The Lehigh Valley’s gross domestic product has reached $37 billion for the first time. That’s more than 97 countries in the world. Importantly, our economy is remarkably balanced, with our top four sectors all falling within $650 million of each other. Manufacturing is our top sector, making up nearly $6 billion – or 15 percent – of our total GDP. of our total GDP. We have more than 680 manufacturers in the region with about 32,000 employees.
LVEDC tracked 31 business attraction/expansion projects either announced, under construction, or completed in the Lehigh Valley in 2016, creating 4,829 jobs and retaining 1,859 existing jobs.
LVEDC also provided access to $240 million in financing in 2016, supporting more than a dozen projects that created 1,461 jobs.
Empowered PhXX: Creating 50/50 in Entrepreneurship in PhoenixKristin Slice
Learn about this innovative community collaboration of community stakeholders committed to strengthening the future of Arizona with 50 /50 in entrepreneurship. Learn all the background facts and figures you need to know !
Social Spending and Taxation| Government| Sustainability| April 2019paul young cpa, cga
This presentation looks at social policy and income inequality as way to highlight the pressure facing government spending around the world.
Countries around the world need to reform their tax policies
Countries around the world need to emphasize value for money as part of delivering program spending.
There needs to be a proper balance between the environment and the economy.
There is middle ground to be achieve between providing social programs and the right level of taxation
Left always believe that middle to upper class people need to support low income people. The problem with this argument is that you cannot tax people to wealth.
Take Your Business To The Next Level With Nancy AllenWBDC of Florida
Take Your Business To The Next Level With Nancy Allen: Platinum Coaching Package includes a
Strategic Planning Meeting
in person to review business goals
and set An Action Plan
✔ Business development webinars: 3/month, 1 hour content
with interactive Q & A
✔ Personal development webinars: 1/month, 1 hour content
with interactive Q & A
Monthly Deep Dive accountability call with Nancy Allen
Quarterly in person Mastermind Retreat with expert speakers
ACCESS TO 4 WEBINARS PER MONTH:
1. Develop a strategic plan that will take your business to the
next level
2. One-on-one coaching
3. Work with experts who have experience and contacts
4. Meet other women business owners
5. Accountability – keep on track with your goals!
6. Education and resources for business and personal
development
I am a weekly columnist for a daily newspaper, Navhind times in Goa. This article was published on 24th Oct. and is also available with following link
http://www.navhindtimes.in/metoo-and-the-cost-it-imposes-on-the-economy/
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Signature content of MTBiz is its Article of the Month (AoM), as depicted on Cover Page of each issue, with featured focus on different issues that fall into the wide definition of Market, Business, Organization and Leadership. The AoM also covers areas on Innovation, Central Banking, Monetary Policy, National Budget, Economic Depression or Growth and Capital Market. Scale of coverage of the AoM both, global and local subject to each issue.
MTBiz is a monthly Market Review produced and distributed by Group R&D, MTB since 2009.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
This presentation will look at employment trend by demographics as well as sector and province.
The presentation will discuss growth areas of employment, especially in areas of temporary work.
Informal employment refers to jobs or activities in the production and commercialisation of legal goods and services that are not registered or protected by the state. Informal workers are excluded from social security benefits and the protection afforded by formal labour contracts. The majority of them cannot opt for scarce better jobs in the formal sector. Others voluntarily opt out of the formal system. For them, the savings from being completely or partly informal – no social security contributions, no tax payments, no binding labour regulations, and more freedom for business activities – outweigh the benefits accrued through registration and compliance. The prevalence of informal employment in the developing world is striking. Even before the current crisis, over half of non-agricultural jobs there could be considered informal.
Real truth - Canada and United States - GDP - January 2018paul young cpa, cga
GDP is key measurement for a country. Allot is said about GDP, especially by various government. The reality is government gets to much credit for booming economy and too much fault for recession.
There are many factors drive GDP including taxation, business returns, consumer spending and government spending. 2/3 of economies tend to be driven by consumer spending. If you set policies that takes more money out people’s pocket book then that will lead to less consumer spending.
Canada no longer has the fastest growing economy in the G-7 - http://www.gbm.scotiabank.com/English/bns_econ/forecast.pdf
The Lehigh Valley’s gross domestic product has reached $37 billion for the first time. That’s more than 97 countries in the world. Importantly, our economy is remarkably balanced, with our top four sectors all falling within $650 million of each other. Manufacturing is our top sector, making up nearly $6 billion – or 15 percent – of our total GDP. of our total GDP. We have more than 680 manufacturers in the region with about 32,000 employees.
LVEDC tracked 31 business attraction/expansion projects either announced, under construction, or completed in the Lehigh Valley in 2016, creating 4,829 jobs and retaining 1,859 existing jobs.
LVEDC also provided access to $240 million in financing in 2016, supporting more than a dozen projects that created 1,461 jobs.
Empowered PhXX: Creating 50/50 in Entrepreneurship in PhoenixKristin Slice
Learn about this innovative community collaboration of community stakeholders committed to strengthening the future of Arizona with 50 /50 in entrepreneurship. Learn all the background facts and figures you need to know !
Social Spending and Taxation| Government| Sustainability| April 2019paul young cpa, cga
This presentation looks at social policy and income inequality as way to highlight the pressure facing government spending around the world.
Countries around the world need to reform their tax policies
Countries around the world need to emphasize value for money as part of delivering program spending.
There needs to be a proper balance between the environment and the economy.
There is middle ground to be achieve between providing social programs and the right level of taxation
Left always believe that middle to upper class people need to support low income people. The problem with this argument is that you cannot tax people to wealth.
Take Your Business To The Next Level With Nancy AllenWBDC of Florida
Take Your Business To The Next Level With Nancy Allen: Platinum Coaching Package includes a
Strategic Planning Meeting
in person to review business goals
and set An Action Plan
✔ Business development webinars: 3/month, 1 hour content
with interactive Q & A
✔ Personal development webinars: 1/month, 1 hour content
with interactive Q & A
Monthly Deep Dive accountability call with Nancy Allen
Quarterly in person Mastermind Retreat with expert speakers
ACCESS TO 4 WEBINARS PER MONTH:
1. Develop a strategic plan that will take your business to the
next level
2. One-on-one coaching
3. Work with experts who have experience and contacts
4. Meet other women business owners
5. Accountability – keep on track with your goals!
6. Education and resources for business and personal
development
CURRICULUM ON HISTORYFOR MUSLIMS IN SINGAPURA
=========================================
SHARING MY CONCERN FOR THE UMMAH OF OUR PROPHET MUHAMMAD ﷺ IN SINGAPURA
C’est un plan de leçon fait par moi Ghina Challak il parle de la strategie : jeu de rôle concernant la leçon des aliments pour la classe EB5. Cette stratégie est très amusante pour les enfants. N’hésitez pas d’utiliser ce plan et cette stratégie dans votre classe.
PhXX: Phoenix Women Business Owner Collaborative Kristin Slice
Here are the slides with updates and data from our 3rd meeting held at Scottsdale, Skysong. We discuss our development as a group of stakeholders committed to the economic development of women business owners in Phoenix, the data we have collected to data, and setting a large vision for our community.
Julie Weeks Women's Enterprise in AmericaWEScotland
Julie Weeks spoke at the Women's Business and Enterprise Conference in Glasgow on 9th May. Her presentation highlights the success of female tailored business support in America.
The Commonwealth Institute South Florida's 2018 Women-Led Business Survey Res...WBDC of Florida
The Commonwealth Institute South Florida's 2018 Women-Led Business Survey Results
The Commonwealth Institute South Florida partnered
with Kaufman Rossin to administer and analyze its 2018
Women-Led Businesses Survey. This survey provides
insight into the community of women-led businesses in
Florida, identifying trends and common concerns. It also
serves as the source for TCI's annual awards lists: Top 50
Women-Led For-Profit Organizations, Top 10 WomenLed
Not for Profit Organizations, and a new list this year:
Top 10 Women-Led Startups.
Surveys were distributed directly to 8,905 email
addresses, and shared with several organizations
including Chambers of Commerce to distribute to their
members. The recipients were identified as the CEO,
president or owner of a woman-led business with two or
more employees. Additional distribution went to the TCI
database of leading women.
301 responses were received. Only companies that
provided specific revenue information were included in
the rankings. Self-reported data was verified through
on-line research and personal contacts.
Women Business Owners in the United StatesBalboa Capital
Balboa Capital created an enlightening infographic showcasing the value that the more than 9 million women business owners bring to the U.S., including jobs and revenue.
Problems and Prospects of Woman Entrepreneurship – A Review of LiteratureIOSRJBM
Any nation, to grow today in the world of intense competition, requires entrepreneurs at the core of the economic development. Entrepreneurial activities and entrepreneurship has been dominated by males since ages. However, in the era of information technology, the women have become more aware and better educational facilities have enabled them to venture into this male dominated space. The women today have emerged as a key player in economic development of the nations. However this transformation of society is far from over and the women entrepreneurs not only face difficulties while starting up an enterprise but also during the running phase. Globally, they have become a key player in sustaining both social development and economic growth. However, in a country like India where almost 50% of population is made up of women, the number of enterprises run by women entrepreneurs is only 7.36% or out of 361.76 Lakh enterprises in the MSME sector, only 26.61 Lakh have women at the top. There are a number of socio-economic hurdles faced by the women while they attempt to venture into setting up and running their own enterprises. Hence, the paper discusses the status of the Women Entrepreneurs and their importance. Also, an attempt is made to identify the challenges faced by these women entrepreneurs, by reviewing various literatures and provide some suggestion for overcoming these obstacles
This report highlights the state of small businesses around the globe, covering countries like United States, India, Malaysia, Singapore, Australia, Germany, New Zealand, South Africa, Brazil, Colombia, Netherlands and many more. It could give a global perspective of the importance of Small and Medium Enterprises for the world economy, and good examples like Singapore and Dubai, UAE have created a well-defined ecosystem to support this economic group.
On 26 November 2020, Ms Libby Lyons, CEO of Workplace Gender Equality Agency released *Australia’s Gender Equality Scorecard showing employers action on gender equality had stalled. Libby recently spoke to Omesh Jethwani, Government Projects & Programs Manager.
Creating Jobs In Ghana UKFIET OXCON 2009 (education, skills, jobs, developmen...RECOUP
Poverty has halved in Ghana over the period from 1991 to 2005. We use the household surveys to investigate possible mechanisms which led to this outcome. In particular how was it linked to the creation of jobs and skills? While in the 1990s the pattern of a growth in urban sector self-employment is clear this process was reversed in the period to 2005. By 2005/06 it had fallen to 18.6 per cent of the working age population, substantially lower than the level of the early 1990s. The fall in urban self-employment was matched by a rise in wage employment in small firms which doubled as a percentage of the workforce from 3.4 to 6.7 per cent. Over the whole period from 1991/92 to 2005/06 the most striking change in the labour force was the rise in employment in small firms, from 225,000 to 886,000. Quite contrary to the perception that wage jobs are not being created they have been expanding far faster than the growth of the labour force. We also find that over the period from 1998/99 to 2005/06 real incomes rose by in excess of 50 per cent and that this rise was fastest in the lowest paying occupation. There was some shift from lower to higher paying occupations but it would appear that the income rises, which underlie the fall in poverty, were uniformly high across all sectors and particularly benefited the unskilled. We compare how skills acquired in technical education and through apprenticeship training have impacted on the types of jobs and their earnings and thus on their role in reducing poverty.
This presentation contains the latest data on women business owners national and in the Phoenix market. It includes several insight on their habits and what they value in making purchasing decisions.
H. Lee Moffitt Cancer Center and Research Institute, Inc. Request for Proposa...WBDC of Florida
H. Lee Moffitt Cancer Center and Research Institute, Inc. Request for Proposal 19-01-SSP Beam Radiation Treatment Planning System for Radiation Therapy Patients
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Affordable Stationery Printing Services in Jaipur | Navpack n Print
2016 State of Women-Owned Businesses Executive Report
1. THE 2016 STATE OF
WOMEN-OWNED BUSINESSES REPORT
Commissioned by American Express OPEN
A Summary of Important Trends, 2007-2016
2. The State of Women-Owned Businesses, 2016
2
This publication marks our sixth annual exploration and analysis of the state of women-owned businesses in the
United States. Our aim is to provide stakeholders in the women’s enterprise development community – policy
makers, entrepreneurial support organizations, suppliers and customers, and women business owners themselves
– with information and intelligence that can inform their efforts. American Express OPEN is proud to build upon the
growing interest and commentary generated by our previous reports.
The estimates contained in this report
are enhanced and strengthened by the
publication, in late 2015, of the most recent
(2012) Survey of Business Owners data
from the U.S. Census Bureau, as well as from
the most recent Gross Domestic Product
estimates (as of January 2016) at the national,
state, city, and industry levels.
Unlike previous reports, which analyzed
longer-term trends between 1997 and the year
of the report, this report focuses on trends
that have largely taken place since the 2007-
2009 recession – focusing on changes that
have occurred between 2007 and 2016.
Each of our annual reports has built upon the
information investigated in the previous year.
In our first report we looked at trends among
all women-owned firms by state, industry and revenue and employment size class. In our 2012 report, we added
analysis of trends in the top 25 metropolitan areas. In 2013, we added an analysis of trends among firms owned
by women of color. In 2014, we added the concept of combined economic clout – looking not only at growth in the
number of firms but growth in employment and revenues as well. In 2015, we took a special look at pre-recession
versus post-recession growth, to ascertain where women-owned firms had recovered from the effects of the
recession and where growth was still lagging.
This year’s report – in addition to focusing on more recent, largely post-recession, trends – expands our geographic
analysis to include a look at trends in the top 50 metropolitan areas (expanded from 25), and adds to our analysis of
trends among firms owned by women of color by investigating the industry composition of minority women-owned firms.
It is our hope that this body of work not only provides useful intelligence to supporters of women’s enterprise
development, but provokes debate and discussion about how best to encourage women-owned firms to move up
the size continuum, shines a spotlight on the phenomenal growth in multicultural women-owned enterprises, and
highlights areas where policy and program action can be better targeted to help even more women achieve their
entrepreneurial aspirations.
INTRODUCTION
3. The State of Women-Owned Businesses, 2016
3
The number and economic contributions of women-
owned firms continue to rise at rates higher than
the national average – with even stronger business
formation rates seen since the recession.
As of 2016, it is estimated that there are now 11.3 million
(11,313,900) women-owned businesses in the United
States, employing nearly 9 million people (8,976,100)
and generating over $1.6 trillion ($1,622,763,800,000) in
revenues.
Between 2007 and 2016, the number of women-owned
firms increased by 45%, compared to just a 9% increase
among all businesses. Therefore, over the past nine years,
the number of women-owned firms has grown at a rate
fully five times faster than the national average.
Comparative employment growth is even stronger.
Employment in women-owned businesses has
increased by 18% since the recession, while among all
businesses employment has declined 1% since 2007.
Business revenues among women-owned firms have
increased by 35% since 2007, compared to 27% among
all U.S. firms – thus at a rate that is 30% higher than
the national average.
Women are now the majority owners of 38% of the
country’s businesses, up from 29% in 2007. These
firms employ 8% of the nation’s private sector
workforce – up from 6% nine years ago – and
contribute 4% of the nation’s business revenues, a
share that has not changed over the past 20 years.
THE STATE OF WOMEN-OWNED BUSINESSES IN 2016:
SUMMARY OF KEY TRENDS
NATIONAL TRENDS
4. The State of Women-Owned Businesses, 2016
4
Where along the business size spectrum is the
strongest economic growth coming from post-
recession? Among all businesses, only the very largest
firms are growing. Women-owned businesses, however,
are growing all along the spectrum – most particularly
among those employing between 50 and 99 workers.
One of most remarked-upon economic trends in the
wake of the 2007-09 recession has been the lack of
employment growth. According to the U.S. Bureau
of Labor Statistics, there were 150 million employed
persons as of February 2016, up just 3.9% from
February 2007.
Bucking that tepid growth trend is employment in
women-owned firms, which – according to this report
– is up 18% since 2007 compared to a 1% decline
among all U.S. firms.1
Where is this employment growth
coming from? The strongest employment growth
among women-owned firms is seen among firms
employing between 50 and 99 workers. These firms have
spearheaded a 27% increase in employment since 2007,
while both smaller and larger women-owned firms have
seen positive employment gains as well. In comparison,
the only positive employment growth seen among all
firms by employment size class has been among firms
with 100 or more workers.
Similarly, revenue growth among all U.S. businesses
(27% overall) is strongest among 500+ employee firms,
where revenues have increased by 34% since 2007.
Revenue growth among women-owned firms (35%
overall) is again highest among women-owned firms with
50 to 99 employees (up 49%), followed by non-employer
women-owned firms (whose revenues increased by 44%).
NUMBER OF NET NEW
WOMEN-OWNED FIRMS 2
Business creation activity varies over time. As reported
in the 2015 State of Women-Owned Businesses Report,
between 1997 and 2015 there were an average of 608
net new women-owned businesses started each day,
including a rate of 714 net new women-owned firms
in the years leading up to the recent recession (2002-
2007).
Now, with new 2012 Census data available, we can
see that business formation activity has picked up
significantly among women. Since 2007 there have been
1,072 net new women-owned firms started each day –
including 1,143 per day over the 2007 to 2012 period
and a slightly lower 983 per day over the 2012 to 2016
period.
All told, between 2007 and 2016, there was an increase
of 3.5 million women-owned firms. Fully 78% of these
net new women-owned firms (nearly 2.8 million) are
firms owned by women of color – an average of 842 net
new minority women-owned firms were launched each
day over the past nine years.
Among those 842 net new minority-owned firms per day
since 2007 were 327 Latina-owned firms, 311 African
American women-owned firms, 122 Asian American
women-owned firms, 17 Native American/Alaska Native
women-owned firms, and 5 Native Hawaiian/Pacific
Islander women-owned firms.
1. The difference between the 1% decline among all private sector firms and the 3.9% increase in total employment derives from the fact that the population of all
private sector firms excludes government, public educational institutions, agriculture and the military.
2. “Net New” takes into account the number of firm births minus firm deaths or changes in ownership resulting in the loss of woman-owned status.
5. The State of Women-Owned Businesses, 2016
5
One of the most remarkable trends over the past
decade has been the phenomenal growth in the
number of firms owned by women of color.
One of the most troubling economic trends in the wake
of the 2007-09 recession has been the general lack of
business formation, and the resulting lack of job growth.
Economy-wide, the number of businesses has grown just
9% since 2007.
However, this trend has not been followed among
women-owned businesses. Their numbers have risen by
45% over the past nine years – meaning that the rate of
growth in the number of women-owned firms is fully five
times the national average.
And this has most especially not been the case among
firms owned by women of color – their numbers have
more than doubled since 2007, increasing by 126%.
In fact, there are nearly 2.8 million more firms owned
by women of color now than in 2007, among an overall
increase of 3.5 million in the number of women-owned
firms. This means that nearly eight out of every 10 (79%)
net new women-owned firms launched since 2007 has
been started by a woman of color.
Back in 2002, there were fewer than 1 million firms
owned by women of color, comprising just 14% of
women-owned firms. In 2007, 2.2 million minority
women-owned firms accounted for 28% of all women-
TRENDS IN ETHNIC DIVERSITY owned businesses. Now, as of 2016, it is estimated that
there are nearly 5 million minority women-owned firms
(4,992,200), comprising fully 44% of women-owned
firms. Collectively, minority women-owned firms employ
2 million workers and generate $344 billion in revenues.
As of 2016, there are an estimated 1.9 million African
American women-owned firms, employing 376,500
workers and generating $51.4 billion in revenues.
Between 2007 and 2016, the number of African
American women-owned firms increased by 112% - more
than doubling in number and far out shadowing the
overall 45% increase among all women-owned firms.
African American women-owned firms constitute a 61%
majority of African American-owned firms.
As of 2016, there are just under 1.9 million Latina-owned
firms, employing 550,400 workers and generating $97
billion in revenues. Between 2007 and 2016, the number
of Latina-owned firms increased by 137% - the highest
increase seen among minority women-owned firms.
Latina-owned firms comprise 46% of all Latino-owned
firms.
As of 2016, there are an estimated 922,700 Asian
American women-owned firms, employing 964,900
workers and generating $170.4 billion in revenues.
Between 2007 and 2016, the number of Asian American
women-owned firms increased by 76%. Asian American
women-owned firms comprise 41% of all Asian
American-owned firms.
6. The State of Women-Owned Businesses, 2016
6
There are now an estimated 153,400 Native American/
Alaska Native women-owned firms, employing 57,400
workers and generating $10.5 billion in revenues.
Between 2007 and 2016, the number of Native
American/Alaska Native women-owned firms increased
by 59%, the lowest rate of growth among all women of
color. Native American/Alaska Native women-owned
firms account for 51% of all Native American/Alaska
Native-owned firms.
As of 2016, there are an estimated 31,100 Native
Hawaiian/Pacific Islander women-owned firms,
employing 13,500 workers and generating $2.3 billion in
revenues. Between 2007 and 2016, the number of Native
Hawaiian/Pacific Islander women-owned firms more
than doubled, increasing by 108%. Native Hawaiian/
Pacific Islander women-owned firms comprise 47% of all
Native Hawaiian/Pacific Islander-owned firms.
On average, firms owned by women of color are smaller
than Caucasian women-owned firms. Overall, women-
owned firms average $143,431 in annual revenues per
firm, with non-minority women-owned firms averaging
$201,948 in annual revenues and minority women-
owned firms averaging $68,982. Looking across all
minority groups, average annual revenues are highest
among Asian American women-owned firms ($184,669),
followed by $75,170 among Native Hawaiian/Pacific
Islander women-owned firms, $68,141 among Native
American/ Alaska Native women-owned firms, $52,087
among Latina-owned firms, and $26,550 among African
American women-owned firms.
Part of the reason for this ethnic revenue disparity
lies in the relative youth of minority women-owned
firms – meaning many are just starting out on their
entrepreneurial journeys – but part of the reason also
lies in the types of firms they are launching. Specifically:
•Compared to the average woman-owned firm, African
American women-owned firms are much more likely
than any ethnic group to be found in both the other
services sector (of which a large share are in personal
care services – mostly hair and nail salons) and in
health care and social assistance (of which a large
share are child day care services and home health
care), and are the least likely of any other group to be
in the higher-revenue professional/scientific/technical
services sector.
• Asian American women-owned firms are more likely
than average to be found in the other services sector
as well, but are also more likely than average to own
a business in the accommodation and food service
sector, typically a higher per-firm revenue sector. They
are less likely than average to be found in health care
and social assistance, or in administrative, support
and waste management services (home to janitorial,
housecleaning and landscaping services firms).
• Latina-owned firms are the most likely of any other
ethnic group to be in administrative, support and
waste management services, and are also the most
likely to own construction firms. They are less likely
than average to own professional/scientific/technical
services firms.
• Native American/Alaska Native women-owned
firms do not deviate too far from the overall industry
distribution of women-owned firms, but are more likely
than average to own construction firms.
• Native Hawaiian/Pacific Islander women are second
to African American women in being more likely than
average to own firms in the health care and social
assistance sector. They are also more likely than
average to be found in wholesale trade.
7. The State of Women-Owned Businesses, 2016
7
Since the recession, the greatest growth in the
number of women-owned firms has been seen in
the South. Eight of the top 10 fastest growing states
and metro areas for women-owned firms are found
in that region. However, when growth in employment
and revenues are added to the mix, the distribution
of the growth in the economic clout of women-owned
firms is more geographically dispersed.
The 10 states home to the greatest number of women-
owned firms as of 2016 are: California, Texas, Florida,
New York, Georgia, Illinois, Michigan, Ohio, North
Carolina, and Pennsylvania. And the top metropolitan
areas for women-owned firms, which are found in most
of these states, are: New York City, Los Angeles, Miami,
Chicago, Atlanta, Dallas, Houston, Detroit, Washington
DC, and San Francisco.
Aside from sheer numbers of women-owned firms,
however, it is more interesting to take a look at growth
trends over time. In terms of growth in the number
of women-owned firms between 2007 and 2016, as
stated previously there has been a 45% increase in the
number of women-owned firms over the past nine years.
The 10 fastest-growing states for women-owned firms
in this regard are: Florida (up 67%), Georgia (64%),
Texas (63%), Michigan (57%), Mississippi (56%),
South Carolina (53%), Tennessee (53%), the District of
Columbia (51%), South Dakota (50%), and Louisiana
(49%). Eight out of 10 are in the South, and the top five
of these states (shaded in dark blue in the map above)
exceed the national growth rate by 10% or more.
GEOGRAPHIC TRENDS
However, when looking at growth in economic clout
– combining growth in the number, employment and
revenues of women-owned businesses over the past
nine years – the top state and metro area rankings take
on a different mix, and are much more geographically
dispersed, as noted on the map above. The 10 fastest-
growing states since the recession in terms of combined
economic clout are:
• North Dakota, South Dakota, Texas (all tied for first),
• Iowa,
• Indiana and Wyoming (tied for 5th),
• Georgia and Tennessee (tied for 7th),
• Utah,
• Maine.
The five states at the bottom of the list in terms
of growth in economic clout since 2007 are: New
Hampshire (in last place), Connecticut, Massachusetts,
Illinois, and Nebraska.
8. The State of Women-Owned Businesses, 2016
8
This year, for the first time, analysis of women’s
entrepreneurship at the metropolitan area level has
expanded from the 25 most populous metro areas to
the top 50 metro areas. The top 10 metropolitan areas,
ranked on growth in economic clout between 2007 and
2016, are:
• Charlotte NC/SC,
• San Antonio TX,
• Dallas TX, and Memphis TN/MS/AR (tied for 3rd),
• Austin TX and Indianapolis IN (tied for 5th),
• Miami FL,
• Detroit MI,
• Richmond VA, and
• Houston TX.3
The expansion of the analysis at the metropolitan area
level shows a good deal of dynamism in local economies
beyond the top tier of most populous cities – most
notably in Charlotte (22nd most populous metro area,
yet ranked 1st in growth in economic clout), Memphis
(30th in population, 3rd in growth), and Austin (27th
most populous, yet ranked 5th in growth of economic
clout). Charlotte, in particular, did not even place among
the top 25 most populous metro areas until the most
recent demographic census.
With respect to the slowest growth in number
and economic clout among the 50 most populous
metropolitan areas, these five metro areas bring up
the rear: Sacramento CA (in 50th place), Louisville KY
and Philadelphia PA/NJ/DE/MD (both tied for 48th),
Cincinnati OH, and Boston MA/NH.
Between 2007 and 2016, the greatest increase in the
number of women-owned firms has generally been in
more traditional industry sectors, perhaps indicating
some degree of regrouping in the wake of the recession
– particularly among the minority women-owned firms
which have comprised the vast majority (79%) of the
firms launched over the past nine years.
Women-owned firms can be found in every single sector
of the economy. In addition, over the past nine years the
number of women-owned firms has increased at a rate
faster than all firms in every single industry. That said,
six in ten (61%) women-owned firms are found in four
industry sectors:
1. Other services (home to hair and nail salons and pet
care businesses): 2.5 million firms accounting for 22%
of all women-owned firms;
2. Health care and social assistance (including child day
care and home health care services): 1.7 million firms,
15%;
3. Professional/scientific/technical services (including
lawyers, accountants, architects, public relations firms
and management consultants): 1.4 million, 13%; and
4. Administrative, support and waste management
services (including janitorial and landscaping services
as well as office administrative support and travel
agencies): 1.3 million, 11%.
Overall, 38% of businesses are owned by women. In
three sectors, the majority of firms are women-owned –
health care and social assistance (64%), other services
(58%) and educational services (55%). Further, in
two other sectors – administrative, support and waste
management (49% women-owned) and retail trade
(43%) – women are more likely than average to own
firms.
At the other end of the spectrum, women are less likely
than average to own firms in construction (just 13% of
firms in that sector are women-owned), transportation
and warehousing (14%), wholesale trade (24%), and
finance and insurance (25%). In all other sectors with at
least 2% of the women-owned firm population, the share
of women-owned firms is within 10% of the overall 38%
share.
3. It is important to note that the boundaries of 19 of the top 50 Metropolitan Statistical Areas (MSAs) changed between the 2007 and 2012 business
censuses, which may have had an impact on growth rates. In nine MSAs some counties were added, in six some were removed, and four MSAs saw both
additions and deletions of counties. Table 6 in the Summary Tables document lists the boundary changes.
INDUSTRY TRENDS
9. The State of Women-Owned Businesses, 2016
9
Between 2007 and 2016, the number of women-owned
firms grew by 45%. Over this time, the following four
industries saw the greatest increase in the number
of women-owned firms: other services (up 98%),
administrative, support and waste management services
(+64%), accommodation and food services (+62%) and
construction (+56%).
What about the relative economic clout of women-
owned firms across industries? Economy-wide, just 9%
of all firms in the country could be considered as having
“high economic impact” – meaning that they generate
$500,000 or more in revenues – and only 3% of women-
owned firms likewise meet that standard. Relative to
the overall 3% of women-owned firms surpassing the
$500,000 revenue mark, women-owned firms in five
industries – wholesale trade (18%), manufacturing
(13%), accommodation and food services (12%),
construction (9%), and transportation and warehousing
(6%) – are those most likely to be making a high
economic impact.
It is also the case that in most industry sectors women-
owned firms are smaller than their peers. However, in
two industries they stand toe-to-toe with other firms
with respect to the share that achieve revenues of
$500,000 or more. In construction, 9% of women-
owned and 8% of all firms achieve revenues of $500,000
or more, and in transportation and warehousing, 6% of
women-owned and 7% of all firms top the half-million
dollar mark.
This report is based on data from the United States
Census Bureau, specifically their quinquennial business
census, the Survey of Business Owners (SBO), which
is conducted every five years in years ending in 2 and 7.
Data from the past three Census surveys – 2002, 2007
and 2012 – were collated, analyzed and extrapolated
forward to 2016, factoring in relative changes in Gross
Domestic Product (GDP) not only nationally but also
at industry, state and metropolitan statistical area
levels. All GDP data were obtained from the Bureau of
Economic Analysis (bea.gov) – another bureau, like
the Census Bureau, within the U.S. Department of
Commerce.
Specifically, growth in GDP from 2002 to 2012 ($10.6
to $16 trillion) was compared to that from 2012 to the
fourth quarter of 2015 ($16 to $17.2 trillion). Relative
annual growth rates were then used to estimate the
growth in the number of firms over the 2012 to 2016
period – thus adjusting a straight-line extrapolation to
account for relative economic growth between the two
time periods. This was done not only at the national
level, but also by applying actual gross state, metro area
and industry-level output figures (which were available
up to the fourth quarter of 2014).4
For detailed information on the Surveys of Business
Owners, visit the U.S. Census Bureau’s American
FactFinder web portal: http://factfinder.census.gov/
faces/nav/jsf/pages/index.xhtml.
STUDY METHODOLOGY
4. For example, while national annual GDP growth between 2012 and 2016 was 105.9% of annual GDP growth between 2002 and 2012, in the state of
California it was 80.3% and in the San Jose CA metro area it was 145.9%.
10. The State of Women-Owned Businesses, 2016
10
This report is commissioned and provided by American
Express OPEN. American Express OPEN is a leading
payment card issuer for small businesses in the
United States and supports business owners and
entrepreneurs with products and services to help them
run and grow their businesses. This includes business
charge and credit cards that deliver purchasing power,
flexibility, rewards, and savings on business services
from an expanded lineup of partners and online tools
and services designed to help improve profitability.
Learn more at www.OPEN.com and connect with us at
openforum.com and twitter.com/openforum.
American Express is a global services company,
providing customers with access to products, insights
and experiences that enrich lives and build business
success. Learn more at americanexpress.com and
connect with us on facebook.com/americanexpress,
foursquare.com/americanexpress, linkedin.
com/company/american-express, twitter.com/
americanexpress, and youtube.com/americanexpress.
Key links to products and services: charge and credit
cards, business credit cards, Plenti rewards program,
travel services, gift cards, prepaid cards, merchant
services, corporate card and business travel.
This report was prepared for American Express
OPEN by Womenable, a research, program and policy
development consultancy whose mission is to improve
the environment for women-owned businesses
worldwide. Womenable pursues this mission by working
with the stewards of women’s entrepreneurship around
the world – policy makers, multi-lateral organizations,
corporate decision makers, entrepreneurial support
organizations and the women’s business community – to
evaluate, implement and improve policies and programs
to support women’s enterprise development. Learn more
at womenable.com.
ACKNOWLEDGEMENTS
Detailed tables – summarizing trends from 2002 to
2016 and providing detailed information by state,
metropolitan area, industry, race/ethnicity – are
available in a separate document, The 2016 State of
Women-Owned Businesses: Summary Tables.
DETAILED TABLES
11. The State of Women-Owned Businesses, 2016
11
This report was published in April 2016 by American Express OPEN, with research provided by
Womenable – which takes full responsibility for the integrity of the findings and the conclusions drawn.
Our sincere thanks are extended to the Economy Wide Statistics Division of the U.S. Census Bureau,
which provided the data used during the preparation of this analysis.