The ‘Start Small, Stay Small’ Dilemma: How Nonprofit/Private Partnerships Can Boost Women-Owned Businesses
Between 2007 and 2016, women started businesses five times faster than the national average. From our experience working with female entrepreneurs across the U.S., we know that they have the grit and determination it takes to create and grow thriving businesses. And, the wealth generated by those businesses has the potential to benefit not only their owners but also their families and communities for generations to come. The median net worth of business owners is almost two and a half times greater than that of non-business owners—and for an African-American woman, the difference is more than 10 times. Women also reinvest substantially more of their business profits back into their families and communities compared with men.
Read the full blog by Andrea Jung, President and CEO of Grameen America, and Gina Harman, CEO of Accion's U.S. Network on NextBillion.
Photo credit: Accion