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The Economic Impact of Women Owned Businesses

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Joshua Smith

Joshua Smith

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According to the National Women's Business Council (NWBC), women-owned businesses contribute nearly $3 trillion to our national economy and create or maintain 23 million jobs according to new research conducted by the Center for Women’s Business Research and funded by the National Women’s Business Council and Walmart.   A recently-released report from the NWBC, The Economic Impact of Women-Owned Businesses in the United States, adds to the current understanding of the economic contributions of women-owned firms that to date has relied only on number of firms, revenues and direct employment.  For the first time, this research provides a much more comprehensive picture of the total economic impact of women-owned firms, including the impact of the businesses’ purchases and the purchasing power of their employees and suppliers. Listen in as Biz Talk With Josh host, Joshua Smith, will bring together Ms. Margaret Mankin Barton, Executive Director of the NWBC, and Ms. Gwen Martin, Interim Executive Director and Director of Research at the Center for Women's Business Research (CWBR), to discuss the findings of this important report.  In addition, Biz Talk With Josh will feature Ms. Karen Kerrigan, President & CEO of the Small Business & Entrepreneurship Council (SBE Council), which works to educate elected officials, policy makers, business leaders and the public to advance initiatives that enhance the environment for entrepreneurship, business start-up and growth.

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