This research shows that women-owned businesses were impacted by the Covid-19 pandemic severely; during April, 2020, the number of women-owned businesses were 50% less than what it was during April, 2019. Businesses functioning in the wholesale and retail sectors were most affected – 83% shuttered their doors permanently during the peak of the pandemic. On a positive note, lot more female-owned businesses in the education and health services sectors have since appeared: as at end April, 2021, 25,362 new women-owned businesses have appeared in Illinois.