The Center for Women's Business Research has released its 2007 update of Key Facts About Women-Owned Businesses. Among these facts:

• Women own 50 percent or more of 10.4 million firms, employing more than 12.8 million people and generating $1.9 trillion in sales.
• For the past two decades, majority women-owned firms have grown two times the rate of all firms (42 percent versus 24 percent).
• Women of color own 50 percent or more of 2.4 million firms, generating nearly $230 billion in annual sales.
• Between 1997 and 2006 the number of privately held firms owned 51 percent or more by women of color grew five times faster than all privately held firms (120 percent versus 24 percent).
• Asian women-owned firms have the highest survival rate of all women-owned firms, with 77 percent of their businesses from 1997 remaining in 2000.
• Sales revenue for women-owned firms without employees increased 66 percent from 1997 to 2004, compared with 42 percent for all such firms.

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