N.D. first in growth of women-owned firms
FARGO — North Dakota ranks first for growth in number and economic clout of women-owned businesses in a new census-based report.
The state’s No. 1 ranking for combined economic clout was based on averaging together rankings for growth in the number, revenues and employment of women-owned firms from 1997 to 2014.
The number of women-owned firms in the state increased nearly 67 percent, ranking the state 13th. Sales increased 175 percent, ranking North Dakota second in growth of firm revenue, the report shows. A 58 percent growth in employment also ranked the state second.
Minnesota ranked 35th for combined economic clout.
Nationally, there are nearly 9.1 million women-owned firms. They employ 7.9 million workers and have sales of $1.4 trillion, the report said.