Celebrating National Women’s History Month

By Marianne Markowitz Editor’s Note: This blog first appread at WhiteHouse.Gov on March 27, 2014. Forty years ago, women owned just 5% of all small businesses in America. Today, they own over 30%, creating 200,000 women-owned small businesses in the past year. Additionally, between 2002 and 2012, the number of women-owned firms with $10 million or more in revenues grew nearly 50% more than all firms of that size, and in 2012 alone, angel investors poured 40% more dollars into high growth women-owned companies than in the previous year. With so many positive trends, now, more than ever, women are poised to thrive as entrepreneurs. But gender gaps persist in certain areas. Men still start more companies and receive more capital to scale their operations, leaving many women-owned small business owners facing challenges to turn their great ideas into successful companies. Two of the major keys to bridging these remaining gaps are providing better access and opportunity to startup and growth funding. Under the Obama administration, the U.S. Small Business Administration (SBA) has taken a number of steps to fully utilize the federal government’s resources in addressing these two critical areas, including all of the following: Expanded our lending, making […]

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