Study finds 59% growth in number of women-owned businesses since 1997


    According to a study, the success of women-owned businesses such as DSFederal reflects a growing national trend. According to an American Express report, "The State of Women-Owned Businesses," the number of women-owned businesses grew by 59% from 1997 to 2013, adding 175,000 jobs to the U.S. economy since the recession. These businesses generated $1.3 trillion in revenue in 2012, and employ 7.8 million people.

    Privately owned, women-owned businesses have fortified the private sector since the recession began in 2007 – the year of DSFederal’s inception – and are the “unsung heroines” of the small business sector, the report stated.

    Geographically, the study found that New York, Los Angeles, Chicago, Miami, and Washington, D.C. have the highest concentrations of women-owned businesses. The greatest number of these firms was found in the health care and social assistance fields.

    The number of minority women-owned businesses also rose dramatically, from 929,445 firms in 1997 to 2,667,700 in 2013 – an impressive 31% of all women-owned businesses.

    Thanks to Sophia Parker’s dream, DSFederal now has the opportunity to contribute to the growing presence of minorities and women in the workplace by providing them opportunities to chase and fulfill their dreams.

    #Blog

    Contract Vehicles
    Awards

    2019 Montgomery County Business Hall of Fame 

    2019 NAGC Blue Pencil/Gold Screen Award of Excellence

    2017 Montgomery County Chamber of Commerce Small Business Leader of the Year 

    2017 Washington Business Journal Top Small Technology Company

    2017 Washington Business Journal "Women Who Mean Business"

    2017 Top 100 MBE

    Credentials

    Certified Woman-Owned Small Business (#WOSB181022)

    CMMI-DEV Level 3

    CMMI-SVC Level 3

    ISO 9001:2015

    DCAA-Compliant Accounting System