Interactive Roundtables: Policies to Boost Women’s Entrepreneurship
For decades, women seemed not just to be breaking, but to be wholesale smashing, the glass ceiling on small business ownership and entrepreneurship. In 1987, a mere 10% of U.S. small businesses were women-owned; in 2007, that number had soared to 30%. In fact, nearly 10 million women are small business owners and women-owned businesses contribute $1.6 trillion to the national economy.
Despite this undeniable progress, women business owners continue to lag their male counterparts in the crucial business indicators of revenue, number of employees and funding. Furthermore, women even seem to lose ground once they surmount the barriers to entrepreneurship. Women-owned businesses account for only 11% of sales and 13% of employment among privately-held companies, and average sales receipts are only 25% of male-owned businesses. Many other factors affect working women in general, most notably the lack of readily available, quality childcare, family medical leave benefits, paid sick days and retirement benefits and more.
This interactive session, which included sub-group breakouts to discuss individual topics, covered the type of policies that should be instated to give women the help they need to start breaking through barriers to their success and prosperity.