Based on statistics from the US Census Bureau, in 2019 1.2 million girls had been enterprise house owners.
However with a complete of 5.7 million enterprise house owners within the US in 2019, women-owned companies represented 20.9% of the pie, in keeping with Adji Fatou Diagne, Analysis Economist with the Heart for Financial Research, US Census Bureau.
About 3/4s of these girls enterprise house owners had been white girls. Diagne cited one other sobering statistic: from 2018 to 2019, the proportion of Black or African American girls owned companies dropped from 12.3% to three.6%.
The Nationwide Ladies’s Enterprise Council hosted a webinar Might 3, to element sources out there to girls who personal or need to personal a enterprise. Based on NWBC senior coverage advisor Sandra Mayoral Pedroarias, the Council advises the White Home, Congress and the Small Enterprise Administration.
Presenters included Diagne, and Candace Waterman, Ladies Impacting Public Coverage (WIPP); Pam Prince-Eason, Ladies’s Enterprise Enterprise Nationwide Council (WBENC); and Karen Bennetts, board member of the Nationwide Affiliation of Ladies Enterprise House owners(NAWBO).
Nationwide Ladies’s Enterprise Council Highlights Position of Ladies in Small Enterprise
Right here’s what we discovered. All these organizations work collectively to supply data and help for ladies enterprise house owners.
Right here’s what they do:
Ladies Impacting Public Coverage (WIPP), Candace Waterman
WIPP advocates for ladies entrepreneurs, with a particular deal with girls authorities contractors. Waterman mentioned that via WIPP steerage, girls can “demystify international economics” and navigate an area in federal contracting.
Their core is ACE: advocacy, neighborhood and training. Waterman described WIPP’s twin function:
- Enterprise – Assist girls seize personal and public sector alternatives, think about joint ventures and strategic alliances.
- Advocacy – Know coverage makers, interact with them and develop relationships.
Ladies’s Enterprise Enterprise Nationwide Council (WBENC), Pam Prince-Eason
The main focus platform for WBENC is CORE.
Certification, Alternatives, Sources and Engagement. WBENC does certification for Ladies Enterprise Enterprises for the federal authorities, and likewise gives the Ladies Owned emblem, which can be utilized on packaging and in advertising.
Prince-Eason mentioned that there are at present 18,000 licensed girls enterprise enterprises, together with 400 company members and 14 regional associate organizations. Applications supplied by WBENC embrace government training, networking and engagement and pitch alternatives.
Nationwide Affiliation of Ladies Enterprise House owners (NAWBO), Karen Bennetts
NAWBOs roots are in advocacy, Bennetts mentioned. Ladies enterprise house owners turn out to be a part of a various and inclusive membership, the place they’re inspired as rising entrepreneurs and assisted in accessing capital, utilizing a community of economic professionals.
By way of webinars and coaching, NAWBO’s focus is to enhance the women-owned enterprise panorama by:
- Altering the enterprise tradition
- Reworking public coverage
- Forming strategic alliances, coalitions and affiliations
- Constructing their wealth-creating capability
A key focus for NAWBO is to have a “micro-business” definition, inside the definition of a small enterprise as at present utilized by federal companies.
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