Women, Entrepreneurship and the Opportunity to Promote Development and Business
The 2013 Brookings Blum Roundtable Policy Briefs, The Brookings Institution, 2013
This policy brief focuses on two core, interrelated challenges related to increasing the impact of women-owned businesses – access to financing and capacity building programs.
Women entrepreneurs generally start their business with less capital than their male counter parts, and are less likely to take on debt to fund business expansion.
Beyond debt financing, women also receive a significantly smaller proportion of venture capital financing (less than 5% in the United States). The brief emphasizes that the “impact of increasing women’s access to finance is greater if capacity building programs…are offered to complete the package”.
The role of supplier diversity projects is also highlighted as a key initiative to connect women to new markets.