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According to the 2019 State of Women-Owned Businesses Report, women-owned businesses are driving economic growth in the United States. They represent 42% of all businesses — nearly 13 million — employing 9.4 million workers and generating revenue of $1.9 trillion.
Clearly, thriving companies improve owners’ financial positions and boost employees’ incomes. Launching more companies to solve business and consumer pain points makes the United States more competitive. However, the hyper-focus on the small number of women raising equity capital to scale mega companies misses the opportunity to support women on the road to growing million-dollar-plus businesses without angel and venture investment. Representing more than two-thirds of women-owned businesses’ employment and revenue, these companies make an outsized contribution to the economy. Focusing on women a few rungs down the revenue ladder could accelerate this trend.*
*source: American Express State of Women-Owned Businesses Report, 2019
NAWBO’s mission is to propel women entrepreneurs into economic, social and political spheres of influence. Are you ready to live the mission alongside us? Join in allyship as a Partner of the Sacramento Valley Chapter!
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