By  on March 21, 2016

Fashion held its own in terms of women’s entrepreneurship, according to a new study by the Center for an Urban Future.

In the decade from 2002 to 2012, the number of women-owned businesses increased by 65 percent or 45 new ones each day, adding more than 56,000 jobs and $3 billion in payroll to the city’s economy. As of 2012, there were 413,899 women-owned firms in New York City, compared with 305,198 five years earlier. Today, women-owned businesses make up more than 40 percent of private companies in the city, up from 33 percent five years ago and 32 percent a decade ago, according to CUF’s “Breaking Through: Harnessing the Economic Potential of Women’s Entrepreneurs.”

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