By Geri Stengel, ForbesWomen
Between 1972 — the first year the Census Bureau began tracking the gender of business owners — and 2018, women-owned businesses have grown from representing 5% of all business to 40%, according to American Express 2018 State of Women-Owned Businesses (SWOB)*. However, their economic clout has not grown equally. In 2018, women-owned businesses represented 8% of total employment and 4% of total revenues.
New York City is taking action. Timed for Women’s History Month, the city announced a series of initiatives to address persistent gaps in funding and business development opportunities.
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