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Posts Tagged 'Women-Owned Small Business'

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Arizona Shines as a National Leader in Women-Owned Businesses

Arizona has emerged as a national leader in women-owned businesses, boasting an impressive 43.1% share of total businesses, surpassing the national average of 42.1%, according to a report from AZ Big Media. This trend underscores the growing role of women in driving Arizona’s economy and highlights the state as a hotspot for female entrepreneurship.

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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