Changes

Jump to navigation Jump to search
no edit summary
It's not just numbers in terms of population of female entrepreneurs, it's also about numbers in terms of capital allocation. The Brookings Institution reports that another barrier women face is access to capital. Women-headed households generally have lower levels of household wealth, which in turn can make internal investment and external borrowing more difficult. [https://www.brookings.edu/wp-content/uploads/2016/07/minority_women_entrepreneurs_building_skills_barr.pdf] In fact, '''a third of female founders say lack of capital constrains them from going into fields of entrepreneurship and innovation'''. [http://www.inc.com/lisa-calhoun/30-surprising-facts-about-female-founders.html] Expanding Small Business Administration (SBA) loan programs for women would help increase access. Specifically, the New Markets Tax Credit (NMTC) has helped attract over $60 billion in private sector funding for minority entrepreneurs across the United States. [https://www.brookings.edu/wp-content/uploads/2016/07/minority_women_entrepreneurs_building_skills_barr.pdf] Targeted lending programs like these are ways to help expand women's access to capital, which will help increase women's presence in entrepreneurial fields. The National Women's Business Council also suggests that putting women in positions as asset allocators, investors, and bankers can support the flow of capital to women owned businesses in an ancillary way. [https://www.nwbc.gov/news/increasing-flow-capital-women-led-funds-strategy-increase-investment-women-entrepreneurs]
 
There isn't a quick fix for many of the systemic biases against women in fields of entrepreneurship and innovation, but it's clear that on both economic and equality terms, something must be done.
==References==

Navigation menu