TLDR:
- Female-owned businesses in the U.S. are growing and contributing significantly to the economy.
- Female-led businesses face challenges in accessing capital, networks, and mentors in underserved industries.
The rate of female entrepreneurs in the U.S. is on the rise, with female-owned businesses employing over 12 million workers and generating $2.7 trillion in revenue. However, female-led businesses in traditionally male-dominated industries such as technology, engineering, manufacturing, and construction face challenges in accessing capital, networks, and mentors. These hurdles can discourage women from pursuing entrepreneurship in underserved industries, leading to a lack of visible role models. Despite the challenges, supporting female-led businesses in these fields is crucial for driving inclusive economic growth and empowering women to drive innovation, economic growth, and societal progress.
