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McConnon Talks to WVII About Increase in Women Business Owners

James McConnon, a University of Maine economics professor and a business and economics specialist with the University of Maine Cooperative Extension, spoke with WVII (Channel 7) for a report about an increase in the number of women who own businesses. According to the report, the number of women-owned businesses in Maine has grown by 34 percent since 1997, but that number is about half of the national trend, with Maine ranking 47th in the country. However, the number of people employed by women-owned firms has grown by 6 percent, and trends are encouraging. “Women business owners have continued to grow at a rate faster than male business owners in Maine and nationally. I think that’s good to see,” said McConnon.

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