Mississippi ranks sixth in growth of women-owned businesses

Mississippi is ranked sixth in the nation in the growth of women-owned firms between 1997 and 2013, according to American Express OPEN’s 2013 State of Women-Owned Businesses Report: A Summary of Important Trends, 1997-2013.

The report showed that Mississippi had a 77.4 percent growth in the number of women-owned firms between 1997 and 2013. The growth in firm revenues over that period was 56.6 percent, giving the state a firm revenue ranking of 35. Growth in employment was 6.1 percent for a ranking of 34. Overall, the state ranked 22 in combined economic clout of women-owned businesses.

Key report findings include that the number of firms owned by women of color has skyrocketed to an estimated 2,677,700, and now comprises 31 percent of women-owned firms.

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