Women’s empowerment has taken front and center in today’s discussions on business development and entrepreneurship. Many businesses have started to recognize that women are a crucial part to economic growth in the United States and around the world.
The dawn of the “Golden Age” for women entrepreneurs has begun. In recent years, the rate of women entrepreneurs has been growing at a percentage at least double that of their male counterparts. Since 2015, women have taken ownership of more than 9.4 million businesses in the United States. These businesses employ nearly 7.9 million people and generate $1.5 trillion in sales, proving that women are rejecting gender-based stereotypes and creating their own business success.
Government agencies, non-government organizations, and corporations are starting to recognize the importance of women in business. They are working together to increase support for female entrepreneurs. They are concentrating on women as harbingers of economic growth. According to the United States Chamber of Commerce, women are reinvesting the majority of their income into their families and communities. This creates a multiplier effect that helps expand economic growth at a more stable and consistent rate.
Although women’s access to economic opportunities has greatly increased throughout the United States and around the world, many women still face considerable barriers. There remains plenty of opportunity for women to unleash their economic potential. One organization working to break barriers and increase support for women-owned businesses is the Women’s Business Enterprise National Council (WBENC). Founded in 1997, it has become the largest third-party certifier of businesses owned, controlled, and operated by women in the United States. Levy Recognition is a women-owned business. We are proud to be part of the 38% of businesses owned by women in the United States. We are WBENC certified and meet the requirements needed to be a diverse supplier. We are excited to be part of the global movement that supports female entrepreneurs.
Narrowing the gender gap in employment will increase global income per person by as much as 20% by 2030. However, the benefits go beyond the bottom line. Some analysts predict that the next economic revolution might come because of the role that women play in the business world. Business dynamics and economic growth are highly enhanced with the incorporation of female business owners.
Levy Recognition is a woman-owned business. We understand the importance of supporting fellow business leaders to achieve success.