Darryl L. DePriest is the seventh presidentially appointed and Senate-confirmed Chief Counsel for the Office of Advocacy.
Prior to joining the Small Business Administration Office of...
Developments in Women-owned Business, 1997-2007
Office of Advocacy, U.S. Small Business Administration. 2011. 44 pages
The years from 1997 to 2007 were a dynamic period in the U.S. economy. The strong growth early in this period was negatively affected by the recession of 2000-2001; strong economic growth resumed in 2002-2007. The data for this period reflect an economy moving out of a recession and ending on a high note in 2007, before the next recession. How did women and other small business owners fare during this 10-year period between 1997 and 2007?
The primary goal of this report is to place gender in a broader perspective. Business ownership no longer can be analyzed simply on the basis of the owner’s gender; businesses owned by women and men more and more share the same general development patterns. Moreover, the strong growth of publicly held firms, which cannot be identified by the demographic characteristics of their many owners, has led to the need to focus on both privately owned and publicly held firms.
Women’s share of total U.S. firms increased from 26 percent in 1997 to almost 29 percent in 2007; men’s share dropped from 55 percent to 51 percent. Businesses owned by both women and men had continuous declines in their shares of total U.S. business receipts over the three survey years. Publicly held firms expanded their shares of the number of businesses from 1.8 percent in 1997 to 3.0 percent in 2007, and of total business receipts from 54.8 percent in 1997 to 63.6 percent in 2007.
Scope and Methodology
This report is based on U.S firm information from the 1997, 2002, and 2007 Surveys of Business Owners (SBO), the latest three comprehensive datasets released by the U.S. Bureau of the Census. Business ownership categories include businesses owned by women, men, and equally by women and men, as well as publicly held firms and other firms not classifiable by the gender, ethnicity, race, and veteran status of their ownership. The SBO/BITS (Business Information Tracking Series) Special Tabulation provided by the Census Bureau is also used to capture business dynamics for 2002-2003, 2002-2004, 2002-2005, and 2002-2006.
This report was peer reviewed consistent with the Office of Advocacy’s data quality guidelines. More information on this process can be obtained by contacting the director of economic research at firstname.lastname@example.org or (202) 205-6533.
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