Celebrating Women’s History Month: The Importance of Supporting Women-Owned Businesses
March is Women’s History Month, a time to honor the countless contributions and accomplishments of women throughout history. One way to celebrate Women’s History Month is to support women-owned businesses. Not only is it a way to uplift and empower women, but it also has tangible benefits for society as a whole.
Here are four reasons why it’s important to support women-owned businesses:
Boosting the Economy
Women-owned businesses are a significant force in the economy, generating millions of dollars in revenue and creating jobs. According to the National Women’s Business Council, as of 2021, there were over 12 million women-owned businesses in the United States, employing over 9 million people and generating over $1.8 trillion in revenue. For JumpStart, 61% of our clients are female entrepreneurs, generating $23.9M in revenue in 2022. By supporting women-owned businesses, you are directly contributing to the growth of the economy and the creation of more jobs.
Diversity and Innovation
Women-owned businesses bring a diverse perspective and new ideas to the table, which leads to greater innovation and creativity. By supporting these businesses, we are promoting diversity and inclusion, which leads to a more vibrant and dynamic economy.
Supporting Local Communities
Women-owned businesses often operate in their local communities, addressing their immediate needs and amplifying the voices of their neighbors. By supporting these businesses, we are strengthening our local communities and creating a lasting impact.
Closing the Gender Gap
Despite progress over the years, women still face significant barriers in the business world, including access to funding and resources. Women can use entrepreneurship as a tool to creatively balance their family and work responsibilities while bringing additional income to their families. By supporting women-owned businesses, we can help close the gender gap and create a more equitable society.
Supporting women-owned businesses is not only a way to celebrate Women’s History Month, but it’s also a way to contribute to the growth of the economy, promote diversity and inclusion, support local communities, close the gender gap and make a difference in the world. So let’s make a commitment to support women-owned businesses not just during Women’s History Month, but year-round.
JumpStart works to bridge this gap that female entrepreneurs experience and provides equitable access to entrepreneurial resources for our clients If you’re a women-owned business looking for capital, services or connections reach out to us for assistance.