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Posts Tagged 'Latina-owned businesses'

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The Vital Role of Women-Owned Businesses in Local Economies

Female entrepreneurs are crucial to local economies, contributing significantly through job creation and innovative businesses. In the U.S., women-owned businesses account for 42% of all firms, employing 9.4 million people and generating $1.9 trillion in revenue annually, according to the American Express State of Women-Owned Businesses Report (2019).

Empowering Diverse Executives and Closing the Gender Gap

The need for such programs becomes apparent when examining leadership trends. While the number of women in leadership roles has grown over time, there is still room for improvement. According to a 2023 Catalyst report, women hold 28% of senior management roles globally, and as of 2022, only 8.1% of Fortune 500 CEOs were women. The leadership gap can be attributed to a variety of factors, such as limited access to mentorship, fewer high-profile opportunities, and lingering societal biases.

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