Number Of Women-Owned Businesses Growing Slowly In Wyoming
Thursday, November 08, 2018
Wyoming is ranked 42nd in the nation for growth of women-owned businesses since 2007, with a 22 percent increase in that time. That’s compared to a 58 percent increase of women-owned businesses nationwide. But Wyoming still ranks in the top ten for women’s businesses that employ large numbers of people.
A new report commissioned by American Express shows Wyoming tied with Washington state for ninth place on the number of people women-owned businesses employ, or it’s “employment vitality.”
Researcher Geri Stengel said there is a strong representation of rural states in this category, most likely because Wyoming does not have so-called “necessity entrepreneurs;” those are women who can’t find quality employment, so they start their own business.