A Year of Historic Achievements for Women-Owned Businesses
Women have made history and are now running many of the world’s largest companies. Some of the most prominent examples are Google, YouTube, General Motors, UPS, and GlaxoSmithKline. In the first half of the twentieth century, the cosmetics empires of Elizabeth Arden and Estee Lauder were founded by women. Lack of institutional support continues to hinder the growth of women entrepreneurs.
Throughout history, women have played an integral role in the economy. From the earliest settlements in America to the creation of cottage industries and benevolent societies, women have always been active in the economy. As a result, they have increasingly become attracted to entrepreneurship. In 1991, the number of women-owned businesses increased from four percent to 38 percent. These businesses are responsible for more than $4 trillion in sales and employ over 27 million people.
The first women-owned business in history was founded in 1779 by Sarah Breedlove, who was only 16 years old when she began running three farms. She developed a new method of growing indigo, which eventually became South Carolina’s second largest crop. George Washington served as the pallbearer at Pinckney’s funeral. The earliest successful woman-owned businesses were run by women, and they are still making history today.
Founders of American Women’s History Project, the national non-profit organization that promotes female-owned businesses, was founded in 1983 in California. The organization was established to celebrate the contributions of the 75 million working women. Since then, it has grown to 12 million women-owned businesses in the United States and employs over two million people. The National Woman’s History Project has funded nearly $1 billion in contracts for these businesses.
The Office of Women’s Business Administration is an agency that provides financial support for women-owned businesses. The small business administration’s Office of Women’s Business Ownership supports more than 1.4 million businesses. In 2011, the Office of Native American Affairs awarded $1.1 billion in grants and contracts to women-owned companies. Despite these successes, more women are still underrepresented in the workplace. The numbers are not sexy, but they are still significant.
The Office of Women’s Business Ownership is the government agency that supports women-owned businesses. In the United States, a year of historic achievements for women-owned businesses is marked by several significant milestones. Among these are the announcement of $1.1 billion in grants and contracts for Native-owned businesses. It also recognizes the role of minority and female-owned businesses in the economy. The Office of Native American Affairs has announced that these organizations will support the development of small- and medium-sized enterprises.
The U.S. Small Business Administration is an agency that provides grants to women-owned businesses. Specifically, the Office of Women’s Business Ownership is responsible for promoting the growth of women-owned businesses. In addition to funding, the office of Native American Affairs has funded $1.1 million in contracts and grants to small-owned enterprises. While these are significant accomplishments, they should not be considered as a sign of the failures of the country.
The U.S. Small Business Administration has supported the development of women-owned businesses for more than 50 years. The Office of Women’s Business Ownership also funds Native American-owned businesses. Natalie Madeira Cofield, Assistant Administrator of the Office of Women’s Business Ownership, writes about the recent accomplishments of small- and medium-sized enterprises in the United States. A year of historic accomplishments for women-owned firms is a year of opportunities for women-owned companies.
A Year of Historic Achievements for Women-Owned Businesses is a major milestone for women in the workforce. A Year of Historic Achievements For Women-owned Businesses is a great way to acknowledge this progress. However, many challenges still remain in the workplace, including Brexit, Coronavirus, and sex discrimination. Rather than celebrating the past, the office of Women-owned businesses can focus on improving the future.