Dalrymple Recognizes North Dakota's Business Women
by ND Governor
Posted on 10/16/2012
Gov. Jack Dalrymple today joined public officials and industry leaders in addressing the state's working women and women business owners and recognizing them for the significant contributions they are making to North Dakota's growing economy.
The Governor addressed them during the North Dakota Women's Business Summit which is being held this week in Bismarck. The summit is sponsored by the Center for Technology and Business, which operates the North Dakota Women's Business Center in partnership with the North Dakota Department of Commerce and the Small Business Administration.
"These are historic times for our state, and North Dakota's professional women are on the forefront, helping to fuel our state's impressive growth," Dalrymple said. "North Dakota's working women and women business owners are making significant contributions to our growing economy, creating jobs, expanding business opportunities, and bringing leadership skills and innovative ideas to a variety of industries."
To celebrate professional women and their contributions to our state, Dalrymple proclaimed October 22-26 Business Women's Week in North Dakota.
Dalrymple pointed out that in North Dakota, nearly 25 percent of businesses are owned by women, according to the 2007 Survey of Business Owners, which is the most recent data available. He also cited a 2012 study conducted by American Express in which North Dakota was ranked 5th in the nation for growth in the number of women-owned businesses and in the revenues generated by those businesses. The study indicates that between 1997 and 2012, the number of North Dakota women-owned businesses grew by 48 percent, the revenues they generated grew by 125 percent, and employment opportunities grew by 41 percent.
It is estimated there are more than 8.3 million women-owned businesses in the U.S., generating nearly $1.3 trillion in revenues and employing more than 7 million people. Between 1997 and 2012, the number of women-owned businesses increased by 54 percent, a rate 1½ times the national average of 37 percent.