Connect Winter 2017 | Page 8

The Sky ’ s the Limit for Women Entrepreneurs

While diversity in traditional and tech industries is shifting gradually , there ’ s been a dramatic increase in the number of women entrepreneurs .

$ 18.5 billion the amount women-owned firms paid their employees in 2012 ; up $ 2.6 billion ( 16.3 %) in 5 years

$ 105.2

BILLION
revenue generated by women-owned businesses
23.6 % of boardpersons
ARE WOMEN
IN NEW YORK STATE
More than 725,000 women-owned businesses — up 22 % from 2007

52 % of management , professional , and related positions are held by women

IN NEW JERSEY
More than 252,000 women-owned businesses — up 18 % from 2007

$ 49.5

BILLION
revenue generated by women-owned businesses

$ 9.2 billion the amount women-owned firms paid their employees in 2012 ; up $ 937.5 million ( 11.4 %) in 5 years

A BALANCE OF MEN AND WOMEN CAN LEAD TO BETTER BUSINESS RESULTS — one study shows companies in the top 20 % of financial performance have nearly 30 % female leaders .
TOP 5 FIELDS with the highest percentage of women on professional boards
Consumer Business
Life Sciences & Healthcare
Financial Services
Energy & Resources
Tech , Media , & Communication
New York City ranked as the No . 1 global city for attracting and supporting high-potential women entrepreneurs . Toronto , Paris , and Sydney also ranked high as cities that support women-friendly policies which make it easier to keep running a business after having a child .
8 | SNB . COM // CONNECT CULTURE WINTER 2017