SBA salutes the suc­cess of women en­trepreneurs

The Buffalo News - - OPINION - By Steve Bul­ger Steve Bul­ger is re­gional ad­min­is­tra­tor for the Buf­falo Dis­trict Of­fice of the Small Busi­ness Ad­min­is­tra­tion.

In cel­e­bra­tion of Women’s His­tory Month, the Small Busi­ness Ad­min­is­tra­tion salutes women en­trepreneurs who have taken risks in pur­suit of their pas­sions and who view set­backs or chal­lenges as just an­other step to achieve some­thing greater.

Na­tion­ally, women owned 12.3 mil­lion small busi­nesses last year, or 40 per­cent of all ven­tures em­ploy­ing 500 or fewer in­di­vid­u­als. Ac­cord­ing to Amer­i­can Ex­press’ 2018 State of Women-Owned Busi­nesses re­port, which makes its pro­jec­tions based on data from the most re­cent U.S. Cen­sus Bureau Sur­vey of Busi­ness Own­ers, women are not only start­ing, on av­er­age, 1,821 new busi­nesses a day, but that num­ber is a sig­nif­i­cant uptick from the av­er­age of 952 be­tween 2012 and 2017. In fact, the over­all num­ber of women-owned busi­nesses surged 31 times since 1972.

An­other in­ter­est­ing data point to con­sider is that women own a larger share of busi­nesses in ev­ery mi­nor­ity group com­pared to their over­all share of busi­nesses na­tion­ally. Al­most 60 per­cent of African-Amer­i­can-owned busi­nesses and 44 per­cent of His­pan­i­cowned busi­nesses are women-owned.

Times have no doubt changed for the bet­ter for women-owned small busi­nesses; it’s a tes­ta­ment to the progress we have made in our econ­omy and as a coun­try. To­day, there are many firms and re­sources com­mit­ted to help­ing women founders start and rev their eco­nomic en­gines. The At­lantic Re­gion of the SBA is priv­i­leged to have many of our na­tion’s womenowned small busi­ness suc­cess sto­ries right here.

Kirsten DiCarlo opened FabUBus Mo­bile Spa and uti­lized ser­vices of­fered by a great tri­fecta of SBA Re­source part­ners out of our Buf­falo dis­trict of­fice: SCORE Buf­falo-Ni­a­gara, the Small Busi­ness De­vel­op­ment Cen­ter at SUNY Buf­falo State Col­lege and the Women’s Busi­ness Cen­ter at Canisius Col­lege. The per­son­al­ized ser­vices DiCarlo re­ceived made a pos­i­tive dif­fer­ence.

Women’s Busi­ness Cen­ters, one of our re­source part­ners, in fis­cal year 2017 sup­ported more than 150,000 women, re­sult­ing in tremen­dous rev­enue and job growth for the busi­nesses they served – $1.7 bil­lion in rev­enue and 17,000 new jobs.

This Women’s His­tory Month, please join the SBA in cel­e­brat­ing all the con­tri­bu­tions women have made to­ward our shared his­tory, cul­ture, so­ci­ety and busi­ness com­mu­nity.

Fe­male en­trepreneurs drive in­no­va­tion and tech­nol­ogy in ad­di­tion to plac­ing small busi­ness on a global com­pet­i­tive play­ing field. The job cre­ation and pos­i­tive im­pact on our na­tion’s econ­omy make it very clear that women en­trepreneurs are key to Amer­ica’s suc­cess.

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