The fifth annual State of Women-Owned Businesses Report offers some mixed news for Indiana. Among the key findings:
- Indiana is ranked 45th in the growth of new firms over the past 18 years (37.7% compared to a national average of 73.7%)
- Employment in Indiana’s women-owned companies (estimated at 165,200 in 2015) increased by 25.4% over that same time period; that doubled the 12% national average
- Likewise, the sales for Indiana firms (estimated at $26.2 million in 2015) experienced 93% growth since 1997, ahead of the 78.7% national sales average
In a special post-recession breakdown, Indiana comes in at No. 13 with 151% growth compared to the pre-recession (2002-2007) period.
Data is based on the U.S. Census Bureau’s Survey of Business Owners.