Good news! Women now run/own a third of all small business in the U.S.
Bad news: Congress had to pass a law in order to make sure that even a measly 5% of available government contracts would go to women entrepreneurs.
Good news! Government contracts spread $40 billion across 140 industries every year.
Bad news: Female-run businesses have a limited earning potential of $3 million per contract, up to $2 billion total.
More bad news: Out of 140 possible industries, only 4 may be influenced in selection by gender--National Security & International Affairs, Coating & Engraving, Furniture & Cabinet Making, and Motor Vehicles.
Even more bad news: The majority of revenue generated by small business contracts is concentrated in 4 other industries--Manufacturing, Real Estate, Health Care, and Waste Management.
The silver lining: Women are not shut out from competing for contracts in the other 136 industries, they just aren't giving a "helping hand."
What inspired this post: This article in the NY Times.
Other sources: S.B.A., this, and this.
Bad news: Congress had to pass a law in order to make sure that even a measly 5% of available government contracts would go to women entrepreneurs.
Good news! Government contracts spread $40 billion across 140 industries every year.
Bad news: Female-run businesses have a limited earning potential of $3 million per contract, up to $2 billion total.
More bad news: Out of 140 possible industries, only 4 may be influenced in selection by gender--National Security & International Affairs, Coating & Engraving, Furniture & Cabinet Making, and Motor Vehicles.
Even more bad news: The majority of revenue generated by small business contracts is concentrated in 4 other industries--Manufacturing, Real Estate, Health Care, and Waste Management.
The silver lining: Women are not shut out from competing for contracts in the other 136 industries, they just aren't giving a "helping hand."
What inspired this post: This article in the NY Times.
Other sources: S.B.A., this, and this.
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