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By Debra Day CEO Women Inspiring Women
Part 2 of 3
In Part 1, I shared my thoughts and feelings on how important it is to encourage and to
have more women entrepreneur in our world and how critical it is, as a solution, to be
personal credit worthy and business credit worthy. Working within the MVET Way (Mind,
Vision, Energy, and Technology) and the Community Empowerment Network, we have
the tools and resources to meet these objectives. In this segment, I want to share this
article on how boosting female entrepreneurship can fuel our economic growth.
[Forbes Magazine Published 02-19-2015]
How Boosting Female Entrepreneurship Will Fuel
Economic Growth
By Lisa Wirthman
Want To Fuel Economic Growth? Support Female Entrepreneurs.
Encouraging more women-led startups can have an as much positive impact on U.S.
economic growth as the entry of women into the labor force during the 20th century,
according to a November 2014 report by
the Kauffman Foundation,
Sources of Economic Hope: Women’s Entrepreneurship .As more women entered the workforce over the last several decades and began to
outpace men in college degrees, they created huge economic gains for the U.S.
economy. But many economists now say the 3 percent annual economic growth
provided by these trends has slowed, and they estimate a long-term drop in 2 percent
growth in years to come, according to the Kaufmann report.
To boost growth, women may once again provide the answer. Although a third of U.S.
businesses are women-owned, they tend to have less revenue and fewer employees.
Women also account for less than 10 percent of founders of the high-growth firms. The
silver lining is that women’s severe under-representation in entrepreneurship creates a
huge opportunity for growth.
“By having women participate in entrepreneurialism at higher rates, especially in the
high-growth space, we can actually have a substantial impact on the economy in terms
of revenue, in terms of payroll, and in terms of employment,” said Alicia Robb, a senior
fellow at the Kauffman Foundation and author of the report .
We should be encouraging the growth of female entrepreneurs and it’s important to
understand what’s holding women back.
Part 3 will highlight “Learn to Fail”