Four different women are sitting and working on laptops.

11 Million Reasons to Celebrate National Women’s Small Business Month

10/22/2019|SomerCor|News and Updates

October is National Women’s Small Business Month! Supporting women-owned businesses with their capital needs, from established companies to those in growth mode, is a critical part of the SomerCor mission.

This infographic created by the Small Business Administration and SCORE highlights the gains of female entrepreneurs. It also includes areas of growth. Key statistics include:

There are more than 11 million woman-owned businesses in the U.S. â€” 38 percent of all businesses
These women-owned business support nearly 9 million jobs and generatingÂ annual revenuesÂ of $1.6 trillion
Woman of color lead the way – they founded nearly 8 in 10 new women-owned businesses started since 2007

You can read the full SBA article on Women’s Small Business Month here.