By Alicia M. Robb, PhD, special to CNBC.com.| CNBC | November 18, 2014
Women-owned firms represent an important segment of the business sector. According to the most recent estimates from the U.S. Census Bureau, there are approximately 9 million women-owned privately held firms in the U.S., employing about 7.8 million people and representing $1.4 trillion in sales. Despite the key role this sector plays in the U.S. economy, female entrepreneurs still need to close a wide gender gap that is inhibiting revenue growth.
In fact, women account for about one third of all types of businesses in the U.S. Among employer firms, however, they represent just 16 percent of the total