Every October, the U.S. Small Business Administration honors the milestone achievements of today’s women-owned businesses.
In the spirit of female entrepreneurship and leadership, Wolf Wallenstein’s President Ellen Wolf attended the Women President Organization‘s Retreat in Punta Mita, Mexico, earlier this month.
The timing coincided with Wolf Wallenstein’s one-year anniversary of becoming certified as a Women Business Enterprise (WBE) law firm (10/19/2022).
From the SBA’s website: In 1972, there were a little over 400,000 women-owned businesses in the United States. Until 1988, women needed a male relative to co-sign if they wanted to apply for a business loan. That same year, the Women’s Business Ownership Act increased SBA’s access to capital to provide financial assistance to organizations geared toward women-owned small businesses.
By 2019, women-owned businesses represented 42% of all U.S. businesses and generated $1.9 trillion worth of revenue.
Today, there are over 13 million women-owned businesses and counting.
Celebrating all women-owned businesses and their lasting impact in the business world, in our communities and on the economy.