Women own more than a third of Chicago businesses
Number of women-owned firms sets Illinois, Cook ahead of nation
By: Paul Merrion December 07, 2010
(Crain’s) — Women own more than a third of Chicago businesses, and Illinois generally is a female-friendly state for entrepreneurs, the Census Bureau reported.
Cook County had 165,272 firms owned by women in 2007, second only to Los Angeles County, according to a survey of business owners conducted every five years. In Chicago, 36% of the 255,611 firms in the city — which includes sole entrepreneurs — were owned by women.
Statewide, the Census Bureau counted 343,117 woman-owned firms in Illinois, fourth-highest behind California, Texas and New York. The percentage of firms owned by women in Illinois was 30.5% vs. the 28.7% national average.
The numbers do not include 805,533 publicly held companies nationwide and other firms whose owners’ gender could not be determined, which accounted for 3% of all businesses and 63.6% of all receipts.
Nationally, about 88.3% of women-owned businesses had no paid employees, and only 0.8% had at least 100 employees.
Nationwide, another 17% of firms are equally male-and-female-owned.
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