La. ranks fourth in women-owned business growth

La. ranks fourth in women-owned business growth

Louisiana has seen a dramatic increase since 1997 in the number of women-owned businesses and the amount of revenue generated by those companies, a new report shows.

Louisiana had the fourth-largest growth rate nationally in the number of businesses led by women, according to the third annual State of Women-Owned Businesses Report commissioned by American Express OPEN.
At the same time, revenues generated by women-owned businesses in Louisiana rose from nearly $11.5 billion in 1997 to an estimated $31.0 billion this year. That 170 percent increase was the second best in the country. Only the District of Columbia, which saw revenues go up 188 percent from $1.8 billion to $5.2 billion, did better.
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