The number of women entrepreneurs has grown tremendously over the last decade. According to the 2016 State of Women-Owned Businesses report commissioned by American Express OPEN, the number of women-owned firms increased by 45% between 2007 and 2016, compared to just a 9% increase among all businesses in the U.S. Today 11.3 million women own 38% of businesses in the country. Back in 2007, women owned 29% of American businesses.

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