Entrepreneur Magazine recently published its 2022 list of Women of Influence their “annual celebration of the women leaders influencing their industries, defining our culture, and reimagining our future.” Topping the list were some women you may have heard of, including multi-hyphenate Jennifer Lopez, and some you may not, like Tekedra Mawakana, Co-CEO of Waymo, an autonomous vehicle technology company valued at $30 billion.

The Biz2Credit Women-Owned Business Study publishes an annual a review of the financial performance of women-owned small to midsized companies in the U.S. They reported that in 2022 average earnings for women-owned businesses increased by 27%, which is higher than the 22% increase male-owned businesses achieved.

2022 statistics from the U.S. Census Bureau further quantify the success of women-owned business, including an estimated $1.9 trillion in receipts, 10.9 million employees, and $432.1 billion in annual payroll.

Here in Massachusetts, the Boston Business Journal has compiled its list of Largest Women-Owned Businesses based on total 2022 revenue for companies that are least 51% women-owned.  These are the trailblazing women who are transforming and leading here in the Commonwealth.

TransAction Associates & Corporate Shuttles, led by President and CEO Cindy Frené, is on the list at number 21. “It pleases me to see the growth in women-owned businesses. I think women have a unique perspective on being an employer and creating an atmosphere with a healthy work/life balance.” Cindy took her idea for a consulting and shuttle business and grew it from a single employee and a handful of clients, into the successful enterprise that it is today.

Looking ahead to 2023 there is optimism about the continued expansion of women-owned businesses.  Bank of America’s 2022 Women & Minority Business Owner Spotlight Report noted women business owners said they expected to see revenue growth in the year ahead. Here’s to a successful 2023!