The SBA released a report concerning the increasing role of women in business. Over the most recent period studied (1997-2002), women who owned businesses grew by almost 20 percent, while the overall growth of business increased by 7 percent.
Overall, women owned over 28 percent or 6.5 million of the nonfarm companies in 2002. Of those firms, over 14 percent had employees, which accounted for 7.1 million workers and $173.7 billion in yearly payroll.
Women also accounted for 6.5 percent of the employment in the U.S. during 2002 and 4.2 percent of overall business receipts.
Results also revealed that women who owned businesses in 2002 were 85.95 percent White, 8.43 percent African American, 8.33 percent Hispanic, 5.25 percent Asian, 1.23 percent American Indian and Alaska 
Native, and 0.18 percent Native Hawaiian and other Pacific Islander.
The report was released by the Office of Advocacy of the U.S. Small Business Administration.
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