The Future For Women Entrepreneurs Is Bright—But Financial Challenges Remain

By Rieva Lesonsky

“Women’s History Month is an important time to celebrate how far women entrepreneurs have come. We know they are starting businesses at historic rates. But we also need to think about how to continue to break down barriers in outcome-driven ways.”

Those words from Pam Seagle, the head of Women’s Programs at Bank of America, perfectly sum up the challenges America’s women business owners face every day. Yes, women-owned businesses positively impact the American economy. They own over 13 million businesses, employed 10.8 million workers in 2019 (closer to 12 million today), and boast $1.9 trillion in annual revenues.

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