Sales for women-owned businesses skyrocket in New Mexico

Sales for women-owned businesses skyrocket in New Mexico

Sales at New Mexico’s women-owned businesses increased 71.1 percent between 1997 and 2013, outpacing the national average of 63.1 percent, according to a new study by American Express OPEN.

In addition, Hispanic and Native American women-owned businesses account for 38.2 percent of all women-owned businesses in New Mexico.

“New Mexico is ahead of the curve in terms of (business) growth being fueled by women of color, especially Latina and Native American women,” said the report’s author, Julie Weeks.

In 2013, New Mexico had 53,900 women-owned businesses, up from 38,706 in 1997, the report said. Sales are anticipated to increase to $7.7 billion in 2013 from $4.5 billion in 1997.

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