Economic Justice Fund Repeats as CDFI Fund Grant Winner
From 2007 to 2018, the number of U.S. businesses owned by women increased by 58 percent.01 Nevertheless, women are still far less likely to start businesses than men are. In 2018, 240 out of every 100,000 women became new entrepreneurs each month, compared to 410 out of every 100,000 men.02
Women entrepreneurs also are less likely to obtain external financing, such as loans and venture capital. According to a report by the National Women’s Business Council and the Library of Congress, men raise significantly more funds at startup and throughout the life of their businesses than women do.
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of all privately held businesses in 2018 were owned by women.03
of venture capital funding in 2019 was invested in firms founded solely by women.04