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MD Ranks 7th for Growth in Women-Owned Firms

A report commissioned by American Express OPEN ranked Maryland 7th among states with the most growth in the number of women-owned firms and their economic clout between 1997 and 2012. Among cities, the report put Baltimore tied for 4th, with Washington, D.C., 1st.  The report estimates there are 194,900 women-owned firms in Maryland in 2012, with 175,000 employees and $25.4 billion in sales. The number of Maryland women-owned firms grew 68.3% from 1997 to 2012, compared to 54.1% for the U.S.

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