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San Antonio's female-owned businesses experienced an almost 35% jump in employment over the past five years, putting the city at the top of the 50 largest U.S. metros compared in the annual State of Women-Owned Businesses Report.
San Antonio also ranked 13th in growth of its number of women-owned firms and 7th in revenue growth at women-owned firms, according to the report.
Texas is home to an estimated 979,000 women-owned businesses that employ roughly 836,000 people, the research shows. Their combined sales top $142.2 billion.
The report also reveals:
- The number of U.S. women-owned businesses grew by 21% over the past year, more than double the overall rate.
- Women of color represent 39% of the total female population but account for 89% of net new women-owned businesses started over the past year.
- More than half of women-owned businesses are in three industries: services such as hair salons and pet-care businesses; healthcare and social assistance; and professional, technical and scientific services.