Women-owned businesses are a significant and growing but underrepresented segment of the U.S. economy. In order for the United States, and its various regions, to reach full economic potential, policymakers need to be able to assess the mechanisms throughout their local economies that support women entrepreneurs and to effectively coordinate the variety of stakeholders that share the same goal.
Women entrepreneurs are a vital component to the U.S. economy, as they are responsible for the creation of both new businesses and jobs. However, despite the rapid increase in number of women-owned firms in recent years, women-owned businesses face significant barriers to growth, including limited access to capital and networks.
Commissioned by the National Women’s Business Council and prepared by BD2,LLC and RTI International, On the Commercialization Path: Entrepreneurship and Intellectual Property Outputs among Women in Stem presents an examination of innovation among women in STEM fields by identifying gaps in their entrepreneurial outcomes and highlighting future opportunities for policy improvements.
Commissioned by the National Women’s Business Council and prepared by Siri Terjesen, PhD, Social Entrepreneurship Amongst Women and Men in the United States uses brand new data on social entrepreneurship among men and women in the United States to confirm the message that women are successfully launching, leading, and growing social ventures across the country. In particular, this project gives an exciting “first look” at data from the 2015 Global Entrepreneurship Monitor, and reveals some pretty interesting trends about social enterprises. Learn what percentage of U.S. entrepreneurs report leading a social enterprise, how entrepreneurial motivations differ between men and women, and recommendations for why and how policymakers should support social enterprises.
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Corporate supplier diversity programs are a “win-win” for customers and suppliers as they positively affect the marketplace by increasing the number of qualified and experienced members of the supply chain. For women-owned firms, corporate supplier diversity programs can serve as a critical pathway to corporate market access as contracting with large corporations is an opportunity for women business owners to develop stable revenue streams, enhance their social networks, and scale up their businesses. Private and public corporations initiate supplier diversity programs to incorporate women- and minority-owned businesses into their procurement processes across the supply chain. The stability and connections developed within high quality programs may advance growth-oriented and scale-up women business owners in intensifying and expanding their businesses.
This research summary offers a synopsis of our report, Supply and Demand Perspectives on Women’s Participation in Corporate Supplier Diversity Programs. For the full report, please refer to it on our website here under “Issues & Research”.
We know that 10 million women-owned businesses exist in this country. However, fewer than 2 percent of these businesses exceed $1 million in receipts. Corporate contracting represents a prime opportunity for growth-oriented women business owners to increase their profits, as well as the size of their companies.
Our analysis of the 2012 Survey of Business Owners highlight that some of the most dramatic increases in entrepreneurship occurred in women of color. In late 2015, we commissioned research to investigate Black women’s business ownership as it has seen a sharp rise in recent years – nearly 67% since 2007, making them one of the fastest growing segments of business ownership in the country. Despite the rise in business ownership, Black women business owners continued to have average receipts of $27,753.
The National Women’s Business Council is a nonpartisan federal advisory council created to serve as an independent source of advice and counsel to the U.S. Small Business Administration, the U.S. Congress, and the White House on issues of impact and importance to women business owners, leaders, and entrepreneurs.
This research is an analysis of the key trends and findings in women’s business ownership, comparing figures from the 2002, 2007, and 2012 Surveys of Business Owners. The project explores the growth and development of women-owned enterprises over the 2002 to 2012 period, paying particular attention to differences between the pre-recession period of 2002-2007 and the more recent 2007-2012 period.