Number of women-owned businesses growing in Arkansas

Arkansas businesses owned by women are contributing more than $11 billion to the state’s economy, but they are not growing their employee base as much as most other states, according to a recent study from American Express.

Information suggests that women are either doing more with fewer people, or there are more small businesses with fewer employees.

According to the fourth annual American Express OPEN State of Women-Owned Business Report released last week, an estimated 65,800 women-owned firms in Arkansas are employing 61,100 people. That’s a 54.5 percent increase in firms with a 5.1 percent drop in employment since 1997.

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