table of contents

Summer 2006

 


Women entrepreneurs playing an increasing role in local economy

Plan now to attend the second
Women in Business
Symposium

Friday, August 18, 2006
from 10:30 a.m. to 5:00 p.m.
Daytona Beach Community College, Daytona Beach

Businesses owned and operated by women are on the rise throughout the United States. In the past five years alone, women-owned companies have increased 20 percent, according to a recent report issued by the U.S. Department of Commerce.

Although these numbers are impressive, the strength of women-owned businesses in Florida outperformed the national trends. For the same reporting period, Florida’s women-owned enterprises grew 30 percent, making Florida a hotbed of emerging female-driven entrepreneurship.

Since its conception in 2001, the county’s Department of Economic Development has been tracking the emergence and impact that women-owned businesses have on the Volusia County economy.

“Volusia County has a growing pool of women-owned enterprises that accounts for more than 2,500 area businesses with annual gross sales in excess of $1.14 billion,” said Doug Vimmerstedt, Special Projects Coordinator for the department.

While real estate, healthcare and general services dominate the types of area companies that are owned and operated by women, the level of female company ownership within Volusia County’s manufacturing sector is outpacing national and state trends. The influence of women entrepreneurs and ownership in local manufacturing is present in 145 of the 430 reporting manufacturing operations throughout the county.

“This accounts for an estimated 30 percent or more of our manufacturing community as compared to 19 percent nationally”, said Vimmerstedt.

According to Rick Michael, the county’s economic development director: “An increasing number of women are moving into more nontraditional business ownership. We no longer are just seeing small retail, service-related companies and medical practices being owned by women. For some time, we have been seeing an increasing presence of professional women opening and managing medium and large size companies in various segments of Volusia County’s economy.”

As an example, Candy Berg-Borror is the principal owner of Florida Gourmet Foods, a business that set up in DeLand within the past five years. A small manufacturer of specialty food products with a workforce of about 20, Florida Gourmet Foods not only is producing product for sale within the United States but also has been reaching out for foreign markets for the past few years.

Ormond Beach entrepreneur and business leader Maryam Ghyabi has built and expanded one of the most successful women-owned professional engineering and transportation planning firms in the state. Ghyabi & Associates employs more than 75 high-skilled, high-waged professional engineers with offices in DeLand, Ormond Beach and Jacksonville.

Women-owned businesses account for more than 7,400 employees with an annual payroll impact to the Volusia County economy of $136.7 million, according to the latest report issued by the U.S. Census Bureau.

The Department of Economic Development, the Volusia/Flagler Regional Workforce Board and Daytona Beach Community College are sponsoring an annual business symposium for women-owned entrepreneurs and business leaders.

Last year’s event drew more than 150 area business women for a daylong program that included discussions concerning changing banking needs, legal and accounting challenges for growing businesses and keynote addresses by noted leaders including Tony Jennings, Florida’s Lieutenant Governor.

“We are looking forward to another informative symposium that will help women entrepreneurs navigate the challenges of growing their businesses while providing a unique opportunity to network with some of the most interesting and dynamic women business leaders in our area,” said Ghyabi, the chairwoman for the 2006 Women in Business Symposium.

The 2006 Women in Business Symposium will be held on the Daytona Beach campus of Daytona Beach Community College. The event is Friday, August 18. If you are interested in receiving more information on this year’s symposium click here or contact Cynthia Gradolf with the Department of Economic Development by email at gradolc@dbcc.edu.
 


Department of Economic Development
700 Catalina Drive, Suite 200, Daytona Beach, FL 32114
Telephone:
386-248-8048   FAX: 386 238-4761   Toll Free: 800-554-3801

Richard Michael
Director

doed@volusia.org