American Business Women’s Day

American Business Women’s Day is a national holiday recognized on September 22, which marks the 1949 founding date of the American Business Women’s Association.

Truly Good Foods is proud to be part of the global network of women-owned businesses. Below are some fun facts about women-owned businesses and women in business:

• • • It’s estimated that there are now 11.3 million women-owned businesses in the United States, employing nearly 9 million people and generating over $1.6 trillion in revenues.

• • • Women are now the majority owners of 38% of U.S. businesses.

• • Women-owned businesses employ 40% more people than the three largest employers — McDonald’s, IBM and Wal-Mart — combined.

• • Between 2007 and 2016, the number of women-owned firms increased by 45%, compared to just a 9% increase among all businesses.

• • In 1965, just 1.2% of graduates from the class of 1965 at Harvard Business School were women. In 2017, that number will reach 41%.

• • Firms with one or more women executives are more likely to turn a profit, go public, or sell for greater money than raised.

• • Since the recession, the greatest growth in the number of women-owned firms has been seen in the South. Eight of the top 10 fastest growing states and metro areas for women-owned firms are found in

• • The 10 states home to the greatest number of women-owned firms are: California, Texas, Florida, New York, Georgia, Illinois, Michigan, Ohio, North Carolina, and Pennsylvania.

• • Women-owned businesses are growing five times faster than the national average.

• • Women entrepreneurs in the United States rank their happiness at nearly three times that of women who are not entrepreneurs or established business owners.

• • The list of richest women entrepreneurs in the U.S. includes Diane Hendricks, owner and chairman of ABC Supply, a wholesale distributor of roofing, window, and siding materials in Beloit, Wisconsin; Forever 21’s Jin Sook Chang, worth $3.05 billion; Eren Ozmen, chair of Sierra Nevada, the biggest female-owned federal contractor in the U.S.; Pleasant Rowland, creator of American Girl dolls; and Martine Rothblatt, who founded and runs biotech company United Therapeutics.

• • 90% of female customers in the U.S. would go out of their way to purchase products from women, believing they would offer higher quality.