Women starting small businesses at torrid pace

Published May 15, 2014 7:46pm ET



NEW YORK (AP) — If you go to work for a newer business, there’s a good chance you’ll be working for a woman.

Women are starting companies at a torrid pace. Between 1997 and 2014, the number of women-owned businesses in the U.S. rose by 68 percent, twice the growth rate for men and nearly one and a-half times the rate for all companies, according to an American Express analysis of Census Bureau figures. They are starting an estimated 1,288 companies each day, up from 602 in 2011-12, American Express says.

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