Parker: Women Entrepreneurs Are on the Rise — Let’s Continue the Trend

Elaine Parker of Job Creators Network writes in The Hill about the upward trajectory of women entrepreneurs in the country, and suggests ways to encourage this trend:

The economic advances the U.S. has made over the past two years would have been hard to imagine just five years ago.

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It’s often said that small businesses are the backbone of the American economy — a claim that couldn’t be more true. Small businesses employ nearly 60 million people—or half the U.S. workforce — and are responsible for two-thirds of all new jobs created. It’s obvious that without these hardworking job creators, the economic prowess of the U.S. would be diminished considerably.

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However, one thing that is rarely mentioned is the growing role women entrepreneurs are playing in the U.S. economic ecosystem.

As of January 2017, there were 11.6 million women-owned businesses in the U.S.—which employed nearly nine million people and generated more than $1.7 trillion in revenue. In fact, they accounted for almost 40 percent of all U.S. businesses.