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How Boosting Female Entrepreneurship Will Fuel Economic Growth

Submitted by Marijuana News on Fri, 02/20/2015 - 08:35

Want to fuel economic growth? Support female entrepreneurs.

Encouraging more women-led startups can have as much positive impact on U.S. economic growth as the entry of women into the labor force during the 20th century, according to a November 2014 report by the Kauffman Foundation, Sources of Economic Hope: Women’s Entrepreneurship.

As more women entered the workforce over the last several decades and began to outpace men in college degrees, they created huge economic gains for the U.S. economy. But many economists now say the 3 percent annual economic growth provided by these trends has slowed, and they estimate a long-term drop to 2 percent growth in years to come, according to the Kaufmann report.

To boost growth, women may once again provide the answer. Although a third of U.S. businesses are women owned, they tend to have less revenue and fewer employees. Women also account for less than 10 percent...

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URL: 
http://www.forbes.com/sites/northwesternmutual/2015/02/19/how-boosting-female-entrepreneurship-will-fuel-economic-growth/

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