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ByNWBC Council

An Analysis of Growth Trends of African American Women-owned Businesses

African American women-owned businesses have grown at a rate that is 2.5 times that of women-owned businesses in the United States. Between 2007 and 2012, women-owned businesses grew by 27%, which is, in itself, a huge accomplishment. A closer look at where the growth is happening reveals that African-American women-owned businesses grew an astonishing 67% in the same five year time period. Go back a little bit more, to 2002, and  African-American women-owned businesses have grown 178%, making them the fastest growing group of women business owners.

 

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ByNWBC Council

These are the faces of the women’s entrepreneurship, which is a growing community of nearly 10 million women-owned businesses. Below find the complete list of the 111 women entrepreneurs on the Forbes 30 Under 30.

2015 was a remarkable year for women in business, and with this year’s release of Forbes 30 Under 30, 2016 looks even more promising. With more women starting, owning, and growing their businesses every day, the trailblazers in Forbes 30 Under 30 come as no surprise.

We combed through the list and found: 200 women rockstars, 111 of which are founders or co-founders. Right now is HER time. Of the 20 sectors represented, women entrepreneurs led their classmates in four categories: Consumer Tech, Retail and E-Commerce, Manufacturing and Industry, and Food and Drink. Meet the women entrepreneurs that are leading Forbes 30 Under 30 in this Buzzfeed Post.

 

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ByNWBC Council

Beyond Sole Source: Strategies to Reach the 5% WOSB Goal Recap

Last week, the Council hosted our 1st Public Meeting for fiscal year 2016. This web conference included updates from the Council on our research and engagement efforts, remarks by special guests, and then a panel discussion titled “Beyond Sole Source: Strategies to Reach the 5% WOSB Goal.”

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ByNWBC Council

[Job Opportunity] Special Assistant at the National Women’s Business Council

The National Women’s Business Council – a non-partisan federal advisory council created to serve as an independent source of advice and counsel to the President, Congress, and the U.S. Small Business Administration on economic issues of impact and importance to women entrepreneurs – is hiring for a Special Assistant to join the team in 2016.

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ByNWBC Council

Beyond Sole Source: Strategies to Meet the 5% WOSB Goal

The question of federal procurement is a topic of great interest to many small business owners, particularly women small business owners looking to gain or expand their access within this marketplace. The government is the largest buyer of goods and services and there is tremendous opportunity, but the processes through which one can obtain these federal contracting opportunities can often be perplexing and burdensome.

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ByNWBC Council

[Job Opportunity] Director of Research, National Women’s Business Council

Introduction

The National Women’s Business Council is a non-partisan federal advisory council created to serve as an independent source of advice and counsel to the President, Congress, and the U.S. Small Business Administration on economic issues of impact and importance to women entrepreneurs. As the government’s only independent voice for women entrepreneurs, the Council’s mission is two-fold: to support and conduct groundbreaking research that provides insight into women business enterprises from startup to success, and to share the findings to ultimately incite constructive action and policies. For more information, please visit www.nwbc.gov.

 

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ByNWBC Council

10 Million Strong – National Women’s Small Business Month: A Report Back

“Our theme this year is 10 million strong because we know women are launching businesses that create value and solve problems. These businesses are innovative, scalable and are creating jobs and strengthening our economy. Women-owned and women-led businesses are truly a force to be reckoned with,” said Carla Harris, Presidentially-appointed Chair of the NWBC.

 

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ByNWBC Council

A Salute to Women-Veteran Entrepreneurs

At a recent event that I attended for women-business owners, one the speakers asked the veterans in the audience to please stand up. The audience began to clap as these women and men rose from their seats. As I looked around the room, I was astonished and humbled by the number of women-veteran entrepreneurs. Not only do I respect these women for their commitment to protecting our country, but my admiration was intensified by the fact that they continue to serve the United States by reinvesting and devoting themselves to the future, not through military service but through entrepreneurship.

 

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ByNWBC Council

Female Veterans and Entrepreneurship – Promoting and Supporting Women Vetrepreneurs

Women veterans have been struggling disproportionately in transitioning back into civilian life, especially the civilian workforce. The current unemployment rate for women who have served since 9/11 is 11.4 percent, while that same rate for male veterans is 4.5 percent.[1] Additionally, women vets have a lower workforce participation rate – according to the BLS, 61.9 percent of female veterans are in the labor force while that same number is 81.6 percent for men.[2] This means that the unemployment rate for women veterans doesn’t even count those women who have been so discouraged that they have dropped out of the labor force entirely. Part of the problem is that skills learned while in training or in the service don’t necessarily translate well to civilian workplace lingo. Entrepreneurship businesses can be a viable alternative.

 

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ByNWBC Council

The Council Honors Women Veteran Business Owners for National Veteran’s Small Business Week

National Veteran’s Small Business Week, celebrated the first week of November, honors veteran entrepreneurs who continue to serve our country by creating jobs and fueling economic growth. As part of the celebration, the National Women’s Business Council will recognize veteran women business owners, highlighting their great economic impact and community contributions.

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