Can women entrepreneurs help save the US economy? YES!
Entrepreneurs are arguably the most important actors in our economy—the creators of new wealth and new jobs, the inventors of new products and services, and the revolutionizers of society and the economy
~ Lesa Mitchell, VP of advancing innovation at the Kauffman Foundation.
I have been reading a great deal recently on how small business and entrepreneurship is the potential savior of our US economy. Economist will agree that older established companies DO NOT hold the promise of job creation or a renewed and revived economy, but instead the next bright new companies.
Venture capitalist will tell you that EVERYONE is on the lookout for the next “Gazelle” or fast growing start-up with the potential of becoming the next Google or Apple. But in between the “Giants” and the “Gazelles”, lies a whole territory of smaller companies that also help to fuel the economy not only by job creation but by private wealth creation, smaller companies from yoga studios to e-commerce web portals.
How important is entrepreneurship to the US economy?
This is where the jobs are, not at General Motors. It is about creating new companies, new industries, not propping up behemoths
~ John Harthorne, a co-founder of MassChallenge
The US Government has identified entrepreneurs as an important key to turning the economy around, and in January of this year The White House helped launch the Startup America Partnership. This is an independent, private-sector entity partnership between the US Government and private equity. The US Government is committed to matching funds in this venture to encourage the creation of new startups, with a principal focus on supporting existing firms who could become “Gazelles”.
How do Women entrepreneurs stack up?
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