Last month, the Center for Women’s Business Research released a study which found that 28 percent, or an estimated 8 million, of all U.S. businesses were women-owned, reports The New York Times.
The study also showed that those 8 million cross-industry businesses created or maintained 16 percent of the country’s jobs.
However, only 4.2 percent of the nation’s revenue is generated by women-owned businesses. The Center plans to approach the Obama administration, the Small Business Administration, and House and Senate small-business committees to request more resources and programs in support of the women business owners.
On how the sector of support for women business owners needs to expand, executive director of the national Women’s Business Council, Margaret Barton said, “Women really have to fall in love with running a business. They have to move into the state about being excited and motivated by running a business. We need help with that area.”
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