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Women-owned firms rank last since ’07

Nevada has an estimated 62,700 women-owned firms, employing 64,500 and attributing to about $12.4 billion, according to the fifth annual State of Women-Owned Businesses Report.

The report, which is commissioned by American Express OPEN, analyzed the 1997, 2002 and 2007 data from the U.S. Census Bureau’s quinquennial business census, the Survey of Business Owners.

Nevada is ranked seventh in growth of number of firms over the past 18 years (88.2 percent) and 11th in growth of firm revenue from 1997 to 2015 (108.4 percent).

But numbers covering the recovery from the Great Recession show women-owned businesses in Nevada having a tough time.

A new addition to the 2015 report is analysis ranking states and top metro areas by their growth in number of women-owned businesses since the recession. Nevada is ranked last at No. 51 with a negative 3 percent post-recession growth rate (2007-2015) vs. pre-recession (2002-2007).

Sales from women-owned firms in Nevada have decreased from $12.58 million in 2007 to $12.44 million in 2015 as well as employment, which dropped slightly from 64,773 in 2007 to 64,500 in 2015.

Similar to previous annual reports released this time last year, the analysis, reported by industry, revenue and employment size at the national and state levels, offers a look into the growth trends among the 9.4 million women-owned national enterprises over the past 18 years.

Nationally, the number of women-owned businesses has increased 74 percent since 1997.

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