Idaho has an estimated 38,200 women-owned firms, employing 34,700 people and racking up to roughly $4.5 billion in sales, according to the third annual State of Women-Owned Businesses Report commissioned by American Express OPEN.
The number of female-owned firms in Idaho increased 48.3 percent since 1997s count of 25,763, lower than the national percentage of increase -- 59.1 percent, from 5.4 million to 8.6 million jobs.
But the number of people employed at women-owned firms, and their sales totals, increased much faster than the national average, the report shows. Jobs at those Idaho firms increased from 26,633 in 1997 to an estimated 34,700 in 2013 a jump of 34.1 percent. The nationwide increase over the same period was 9.6 percent.
And total sales by women-owned firms in Idaho went up 89.3 percent during that 16-year period, from $2.4 billion to $4.6 billion. The corresponding nationwide increase was 63.1 percent, from $818.7 billion to $1.3 trillion.
Among all U.S. states, Idaho ranks 13th in growth of revenue for women-owned firms and 27th in growth of the number of women-owned firms, American Express OPEN reports.
The figures were drawn from the U.S. Census Bureaus Survey of Business Owners.