GBPI hosted a briefing on May 2 at Agnes Scott College in conjunction with the release of a new report, Women Mean Business: State Strategies to Help Close the Women’s Wealth Divide Through Entrepreneurship. The event highlighted data on Georgia’s gender wealth gap, the entrepreneurial landscape for Georgia women, state policy opportunities to support women entrepreneurs and remarks from industry leaders.
Georgia boasts the second-highest growth rate of women-owned businesses in the country. Our state is home to 522,200 women-owned firms employing 283,100 people and contributing roughly $56 billion to the economy. But despite that growth, trouble looms when it comes to women-owned companies’ ability to generate revenues and access startup capital. Women fall behind their male counterparts when it comes to generating revenues, limiting the potential of women entrepreneurs to expand and create new jobs.
Speakers included GBPI Senior Policy Analyst Alex Camardelle; Katerina Taylor, President and CEO, DeKalb Chamber of Commerce; Sushma Barakoti, Executive Director, Refugee Women’s Network (RWN), Inc. and Coordinator for Start:ME Atlanta; and Stacey Key, President and CEO, Georgia Minority Supplier Development Council.