With the recession lifting, returning to normal (even if it’s a new normal) will take some time. The economy is recovering, and business growth is beginning to resume. That means more women-owned businesses will commence hiring based on an improvement in the business environment and accompanying growth opportunities. And more women will start their own businesses and face hiring decisions as they begin the journey from corporate refugee to entrepreneur.
The statistics are clear: Women-owned businesses are a significant force in the economy. A study on the ‘Economic Impact of Women-Owned Businesses in the United States’, conducted by the Center for Women’s Business Research, states that approximately 8 million businesses have a woman-owned majority. They employ 16 percent of the work force and contribute almost $3 trillion to the economy. And this is pre-recession data.