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Ohio has an estimated 354,252 women-owned businesses, employing 331,195 and attributing to roughly $50,709,543,000 according to the ninth annual State of Women-Owned Businesses Report, commissioned by American Express, a recent comprehensive report  analyzing data from the U.S. Census Bureau’s Survey of Business Owners and factoring in relative changes in Gross Domestic Product (GDP).

The annual report analyzes industry, revenue and employment size at the national, state and metropolitan levels to illustrate the impact women-owned businesses have on the U.S. economy. This year’s report shows that between 2014 and 2019, the number of women-owned businesses climbed 21% to nearly 13 million, employment grew by 8% to 9.4 million and revenue rose 21% to $1.9 trillion.

Ohio is ranked 22nd in growth of number of women-owned firms since 2014 with a 8.9% increase, 21st in growth of jobs created with a 4.7% increase and 27th in growth of firm revenues with a 8.9% increase.

Cincinnati, Ohio is ranked 35th in growth of number of women-owned firms among the top 50 U.S. metropolitan areas with a 11.1% increase over the past 5 years, 32nd in growth of jobs created with a 6.1% increase and 39th in growth of firm revenues with a 10.2 increase.

Cleveland, Ohio is ranked 18th in growth of number of women-owned firms among the top 50 U.S. metropolitan areas with 21% increase over the past 5 years, 15th in growth of jobs created with a 12.6 increase and 10th in growth of firm revenues with a 26.3% increase.

Columbus, Ohio is ranked 22nd in growth of number of women-owned firms among the top 50 U.S. metropolitan areas with a 19.3% increase over the past 5 years, 14th in growth of jobs created with a 12.9% and 43rd in growth of firm revenues with an 8.3% increase.

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