by Arkansas Business Staff on Monday, Mar. 18, 2019 12:00 am 1 min read
Arkansas ranks in the bottom 11 states in terms of the “economic clout” of women-owned businesses, according to the 2018 State of Women-Owned Businesses Report commissioned by American Express. (Eleven states were included because of ties.)
The report defines economic clout as the growth in the number of women-owned businesses and growth in employment and revenue.
The report, released in August, defined women-owned businesses as those that are at least 51 percent owned, operated and controlled by one or more women.
The report found that the number of women-owned businesses in the United States grew 58 percent between 2007 and 2018, while all businesses grew only 12 percent.