Present Day Women

Present Day Women

Present Day Women

Quote of the Week: “You must be the change you wish to see in the world” -Gandhi

On March 28th, 2012, WEST participated in a special Women’s History Month conference call for women small business owners featuring Secretary of Labor Hilda L. Solis, SBA Deputy Administrator Marie C. Johns, and other officials from the Small Business Administration (SBA) and Department of Labor (DOL) who provided an update on the work their agencies are doing for America’s women and small business owners. Some of the key facts discussed during the conference call were:

 

Each speaker emphasized the need for women to stick together and lift each other up specifically in communities of color:

  •      • “America will succeed when all women succeed” –Secretary Solis
  •      • The SBA and the DOL are making it possible for every woman in every community to
    experience their dreams
  •      • Women are being trained today to exceed tomorrow in order to compete and set
    the stage for the next generation

There are presently 7.8 million businesses owned by women in the United States that have generated $1.2 trillion in revenues:

  •      • These women owned businesses employed 7.6 million workers and paid $218 billion
    in payroll
  •      • Within the past year alone, 200,000 women owned businesses have been created
  •      • Women are starting businesses at twice the rate then men
  •      • There are approximately 550 new women firms started daily
  •           • The DOL and SBA have made tools and resources available to help these
    businesses thrive
  •      • Women owned businesses in our country do not have the support to move beyond
    $100 million in revenues
  •           • Women are therefore encouraged to seek out mentors who can help them
    throughout this process
  •           • The DOL can help women owned businesses obtain mentors who will help
    them grow

The unemployment rate for women has declined, however women have not recovered as quickly as men:

  •      • Women are still under-represented in the government

Women are two-thirds of the sole breadwinners in the household

  •      • Although women have made progress over the past years,
    they continue to make 80 cents for every dollar made by men
  •           • The possible solution to this situation could be to make sure that women
    are more educated then men
  •      • There has been a report released by the DOL in honor of
    “Equal Pay Day” which allows women to see where they are in terms of
    how they are getting paid in comparison to others in the country

 

http://www.pay-equity.org/day.html

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