New data from the Census Bureau has found that women own one-third of all U.S. businesses, employing 26 percent of the nation's work force. Sales from the 7.95 million women-owned businesses jumped 236 percent since 1987, and employment in those businesses rose to 18.5 million workers from only 6.6 million in 1987. According to the National Foundation for Women Business Owners, the number of women-owned companies increased 78 percent in the last nine years while growth among U.S. firms was only 47 percent. The state with the largest number of women-owned businesses was California, and Nevada had the fastest rate of growth. Although the largest share of women-owned companies was in the service sector, growth was "explosive" in nontraditional industries such as construction.
A Washington Post article earlier this month indicated that in the greater Washington, D.C. area, women-owned businesses accounted for 39 percent of businesses in the region in 1992. Specialists attribute the higher numbers to the presence of the federal government and credit affirmative action programs for the overall increasing numbers.
Media Resources: The Nando Net and the Associate Press - March 28, 1996
1/27/2016 Taiwan Elects First Woman President - In a landslide victory, the leader of Taiwan's Democratic Progressive Party (DPP) Tsai Ing-wen won the country's presidential election, becoming the first woman in Taiwan's history to hold the position.
Emphasizing her party's commitment to maintaining Taiwan's independence from China, Tsai won over young voters eager to usher in a political changing of the guard following some 70 years of dominance by the pro-Chinese unification party, the Kuomintang (KMT), chaired by presidential opponent Eric Chu. . . .