Women Owned and Operated Businesses

The Rising Force: Women-Owned and Operated Businesses Transforming the Economy

Women entrepreneurs are not just participating in the business world—they're revolutionizing it. From small startups to established enterprises, women-owned and operated businesses represent one of the fastest-growing segments of the American economy, bringing innovation, diversity, and economic power to communities across the nation.

The Numbers Tell a Powerful Story

The statistics surrounding women-owned businesses paint a picture of remarkable growth and impact. Today, 14 million women-owned businesses make up 39.1% of all US businesses—a 13.6% increase from 2019 to 2023, demonstrating not just resilience but extraordinary expansion even through challenging economic times.

Women own more than 12 million businesses and employ over 10.7 million workers, while women-led companies generated approximately $1.9 trillion in earnings, employed 10.9 million people, and maintained an annual payroll of $432.1 billion. These aren't just numbers—they represent millions of jobs, countless innovations, and communities strengthened by female leadership.

Perhaps most inspiring is the pace of growth: over 1,800 new women-owned businesses are created each day in the U.S. This entrepreneurial energy is reshaping industries and creating new opportunities across the economic landscape.

A Success Story in Action: ABS Tag & Title

One exemplary model of women-owned business success is ABS Tag & Title, a company that has built its reputation on expertise and reliability in the vehicle registration industry. ABS Tag & Title is a woman-owned business that provides expert Fleet Title and Registration services in all 50 states and 1,400 jurisdictions. Since 1989, we've professionally registered and titled fleets of vehicles, trucks, and equipment nationwide.

What makes ABS Tag & Title particularly noteworthy is not just our longevity—operating successfully for over three decades—but our commitment to excellence and formal recognition. We are proud to be a woman-owned business certified as a Women's Business Enterprise by the Women's Business Enterprise Council South, demonstrating our dedication to maintaining the highest standards of women-owned business certification.

The company's success story reflects broader trends we see in women-owned businesses: deep expertise in our field, strong client relationships, and sustainable growth built on trust and reliability. Fleet managers and operators across the country depend on ABS Tag & Title

to keep their assets compliant and operational, illustrating how women-owned businesses often become integral partners in their clients' success.

Industry Diversity and Innovation

Women entrepreneurs are making their mark across virtually every industry sector. The primary sectors within women-owned businesses include retail (26%), health, beauty, and fitness services (17%), but their influence extends far beyond traditional sectors into technology, manufacturing, professional services, and specialized industries like ABS Tag & Title's vehicle registration services.

This diversity represents more than just market participation—it brings fresh perspectives, innovative solutions, and often a different approach to customer service and employee relations. Women-owned businesses frequently prioritize sustainable practices, community engagement, and inclusive workplace cultures that benefit not just their bottom line but society as a whole.

Generational Shifts and Digital Adoption

The landscape of women entrepreneurship is evolving rapidly across generations. Baby Boomers represented 29 percent of women business owners, while Gen X held the majority share at 51 percent. Millennials comprised 20 percent of the total — increasing by 36 percent since last year's study. This generational diversity brings together decades of experience with fresh digital-native perspectives.

Modern women entrepreneurs are particularly savvy about leveraging technology for business growth. 67% used social media to grow their business, with 6 in 10 planning to invest in expanding online sales in 2024. This digital-first approach is enabling women-owned businesses to reach broader markets and scale more efficiently than ever before.

Breaking Barriers and Building Support Networks

Despite remarkable growth, women entrepreneurs still face unique challenges in the business world. However, the ecosystem of support continues to strengthen. Organizations like the Women's Business Enterprise National Council (WBENC) play crucial roles in this support system. WBENC is the largest third-party certifier of women-owned businesses in the U.S. and a leading advocate for women entrepreneurs.

These certification programs, like the one that recognizes ABS Tag & Title, provide more than just credentials—they create networks, open doors to new opportunities, and help women-owned businesses compete for contracts and partnerships that might otherwise be difficult to access.

The Path Forward

The success of women-owned and operated businesses like ABS Tag & Title demonstrates that when women have access to resources, support, and opportunities, they create thriving enterprises that benefit entire communities. These businesses don't just contribute to economic statistics—they provide employment, drive innovation, and often pioneer new approaches to business operations and customer service.

As we look to the future, the trajectory of women-owned businesses suggests continued growth and increasing influence. With new businesses launching daily, strong support networks expanding, and digital tools democratizing market access, women entrepreneurs are positioned to play an even larger role in shaping the economy.

The story of women-owned businesses is ultimately one of determination, innovation, and impact. From specialized service providers like ABS Tag & Title to tech startups and retail enterprises, these businesses represent the entrepreneurial spirit at its finest—creating value, providing solutions, and building sustainable enterprises that strengthen communities and drive economic growth.

Whether you're a consumer looking to support women-owned businesses, an entrepreneur seeking inspiration, or a business leader interested in partnerships, the women-owned business sector offers remarkable opportunities for connection, collaboration, and mutual success. The future of business is increasingly female, and that's excellent news for everyone.