{"id":29951,"date":"2024-03-05T06:50:38","date_gmt":"2024-03-05T13:50:38","guid":{"rendered":"https:\/\/www.arizonafoothillsmagazine.com\/valleygirlblog\/?p=29951"},"modified":"2024-03-05T06:50:39","modified_gmt":"2024-03-05T13:50:39","slug":"metro-phoenix-is-a-leader-for-women-owned-businesses-in-the-u-s","status":"publish","type":"post","link":"https:\/\/www.arizonafoothillsmagazine.com\/valleygirlblog\/news\/metro-phoenix-is-a-leader-for-women-owned-businesses-in-the-u-s\/","title":{"rendered":"Metro Phoenix is a Leader for Women-Owned Businesses in the U.S."},"content":{"rendered":"\n
\"\"<\/a><\/figure>\n\n\n\n

In celebration of International Women\u2019s Day on March 8, a new report<\/a> by Wells Fargo has unveiled that Arizona’s women-owned businesses have emerged as trailblazers, where Phoenix-Mesa-Scottsdale is the fifth best metropolitan statistical area (MSA) nationwide for women-owned businesses.\u00a0<\/p>\n\n\n\n

In fact, the Valley\u2019s flourishing community of women-owned businesses earned a higher ranking for best metro areas for women-owned businesses<\/a> than some of the largest U.S. metropolitan areas, including New York City, Tampa, Washington, D.C., and Chicago. These findings reflect the ever-growing community of women in Arizona who are actively shaping the local economy as prolific leaders, entrepreneurs and business owners.<\/p>\n\n\n\n

Arizona\u2019s women-owned businesses are part of the greater whole of women-owned businesses in America that are undeniably impacting the U.S. economy. The Wells Fargo report highlights the numerous ways women-owned businesses, including those run by women of color, are at the forefront of America\u2019s economy today. <\/p>\n\n\n\n

\"\"<\/a>
Source: 2024 Wells Fargo Impact of Women-Owned Businesses report<\/em><\/figcaption><\/figure>\n\n\n\n

According to the report, the U.S. has a total of 14 million women-owned businesses, of which 40,000 have 50 employees or more. In total, these inspiring establishments make up 39.1% of all U.S. firms and employ 12.2 million people or 9.2% of total U.S. employees. Together, women-owned businesses in America generate $2.7 trillion, which is 5.8% of total firm revenue nationally. <\/p>\n\n\n\n

Notably, the growth rates of U.S. women-owned businesses significantly surpassed those of businesses not owned by women during and after the COVID-19 pandemic, with firms owned by women growing by 13.6% and firms not owned by women growing by 7%. Additionally, employment of women-owned businesses during and after the pandemic grew by 12.7%, while employment only grew by 3% in other workforces. During this time, women-owned businesses in America also generated 12.3% more revenue than those not owned by women. <\/p>\n\n\n\n

This outstanding impact of women-owned businesses in America is only expected to go up as these businesses expand into more industries and as the social needs for women-owned businesses are met. With the right financial, human and social capital, women-owned businesses have the potential to generate an additional $7.9 trillion in revenue, according to the report. <\/p>\n\n\n\n

With a bright path ahead for women-owned businesses in America, there is no doubt of the will, determination and impact that these important establishments demonstrate today.\u00a0<\/p>\n\n\n\n

Read the full report here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"In celebration of International Women\u2019s Day on March 8, a new report by Wells Fargo has unveiled that Arizona’s women-owned businesses have emerged as trailblazers.\n","protected":false},"author":28,"featured_media":29952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[72],"tags":[8566,13722,13723],"class_list":["post-29951","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-featured","tag-international-womens-day-2","tag-women-owned-business","cs-entry","cs-video-wrap"],"yoast_head":"\nMetro Phoenix is a Leader for Women-Owned Businesses in the U.S.<\/title>\n<meta name=\"description\" content=\"In celebration of International Women\u2019s Day on March 8, a new report by Wells Fargo has unveiled that Arizona's women-owned businesses 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