1992 Survey of Business Owners Press Releases
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EMBARGOED UNTIL: JANUARY 29, 1996 AT 12:15 P.M. (MONDAY)
Public Information Office CB96-07
Video News Release:
Monday, January 29, 2-2:30 p.m. EST
Telstar 402, Transponder 13, Audio 6.2/6.8
Tuesday, January 30, 2-2:30 p.m. EST
Galaxy 6, Transponder 18, Audio 6.2/6.8
ONE-THIRD OF NATION'S BUSINESSES OWNED
BY WOMEN, CENSUS BUREAU SAYS
Washington, D.C.--EMBARGOED UNTIL: JANUARY 29, 1996 AT
12:15 P.M. (MONDAY) - The number of women-owned businesses in the
United States reached 6.4 million in 1992, representing
one-third of all domestic firms and 40 percent of all retail and
service firms. Businesses owned by women generated $1.6 trillion
in business revenues and employed 13.2 million people. About
19 percent of these were businesses with paid employees,
averaging 10.6 employees and $1.2 million in receipts per firm.
This is according to a report from the Commerce Department's
Census Bureau entitled, "1992 Women-Owned Businesses" (WB92-1),
that will be published later this year.
Secretary of Commerce Ronald H. Brown said, "These findings
confirm that women-owned businesses are substantial and growing
contributors to the nation's economy, particularly in terms of
Nearly 520,000 of the businesses owned by women were "C"
corporations which were covered in this survey for the first time
in 1992. They include all types of corporations except
subchapter S corporations, and tend to be larger business
operations. In 1992, women-owned "C" corporations:
- Generated $932 billion in revenues, nearly 60 percent of
all women-owned business revenues.
- Included over 426,000 employer firms, about 82 percent of
the women-owned "C" corporations, with 7 million
employees and payrolls of $154 billion.
Women-owned "C" corporations were active in all major kinds
of businesses, ranging from 22 percent each in mining and
manufacturing businesses, to 31 percent in retail trade.
Of the more than 2 million "C" corporations in the United
States, women owned nearly 26 percent and their businesses
contributed nearly 9 percent of all revenues for the year.
In addition to "C" corporations, women owned 5.9 million
sole proprietorships, partnerships, and subchapter S corporations
in 1992. Subchapter S corporations have no more than
35 shareholders and are not taxed as corporations. In 1992,
these women-owned "non-C" businesses:
- Generated nearly $643 billion in revenues, over
40 percent of the total for all women-owned businesses.
- Included some 818,000 employer firms, 14 percent of
all women-owned "non-C" businesses, with 6.3 million
employees and payrolls of nearly $105 billion.
- Were predominantly retail and service businesses,
accounting for over 72 percent of women-owned
unincorporated businesses and subchapter S corporations.
Previous surveys have covered women-owned unincorporated
businesses and subchapter S corporations, and in the past
five years the number of women-owned "non-C" businesses has
increased 43 percent (up from 4.1 million in 1987). In addition,
between 1987 and 1992:
- Growth rates for women-owned firms were above average in
several "nontraditional" business sectors, including
construction (up over 50 percent) and wholesale trade
(up over 85 percent).
- Receipts for women-owned "non-C" businesses more than
doubled, from a total of $278 million in 1987.
- Firms with 100 or more employees increased nearly
130 percent, to more than 6,660 businesses in 1992.
Nationwide, of some 17 million sole proprietorships,
partnerships and subchapter S corporations in 1992, more than
one-third were women-owned and their businesses generated more
than 19 percent of all "non-C" business revenues. In addition,
over 40 percent of all U.S. "non-C" retail and service businesses
were owned by women and showed strong rates of growth since the
prior five-year survey. Between 1987 and 1992:
- The number of U.S. "non-C" businesses grew by 26 percent,
while comparable women-owned businesses grew some
- Growth rates for U.S. "non-C" construction and wholesale
businesses were about one-fourth those of comparable
- Total revenues for all U.S. "non-C" businesses grew by
67 percent, versus nearly twice that rate (131 percent)
for women-owned businesses.
The report provides information on the number of women-owned
firms, receipts, number of paid employees, and annual payroll.
These data are presented by geographic area (the nation, states,
and selected metropolitan areas, counties, and cities), industry,
size of firm, and legal form of organization with comparative
1992 data for all U.S. firms.
The data in this report were collected as part of the
1992 Economic Census from a large sample of all non-farm
businesses filing tax forms as sole proprietors, partnerships, or
any type of corporations, and with receipts of $500 or more in
Since this was a sample survey, the data are subject to
sampling variability as well as reporting and coverage errors.
All comparisons made using only 1992 data are statistically
significant at the 90 percent confidence level. However,
comparisons between 1987 and 1992 should be made with extreme
caution because changes in tax laws cause inconsistencies between
the data and changes in survey methods may contribute to
Editor's Note: media representatives may obtain reproduced
excerpts from the forthcoming women-owned businesses report from
the Census Bureau's Public Information Office on 301-457-3030;
fax: 301-457-3670; or e-mail: email@example.com. Other requests
should go to the bureau's Minority- and Women-Owned Businesses
Information Staff on 301-763-5726. A notice will be issued when
printed copies of the report are available.