Women’s Small Business Month.
The measure reflects a commitment to acknowledging the challenges faced by women entrepreneurs and the growth of women-owned businesses, which have increased significantly over the years. From 2007 to 2017, the number of women-owned businesses surged by 45%, a rate that is notably faster than that of all businesses. The resolution not only honors the contributions of women in the business sector but also promotes the recognition needed to sustain and enhance support mechanisms for these entrepreneurs.
ACR273, known as Women's Small Business Month, was introduced to recognize and celebrate the economic contributions of women-owned businesses in California. Specifically, the resolution designates the month of October 2018 as Women's Small Business Month, aiming to increase awareness of the significant impact that these businesses have on the economy. With approximately 1.55 million women-owned businesses in California, the resolution highlights the vital role these enterprises play in employing over 1 million people and generating substantial revenues for the state.
The sentiment around ACR273 is generally positive, as it garners support from various stakeholders who recognize the need to empower women in business. Supporters argue that by highlighting Women's Small Business Month, the resolution can foster broader discussions about the importance of creating equitable opportunities for women entrepreneurs, thereby enhancing economic growth across the state of California. This acknowledgment can also motivate community and government support for female entrepreneurs facing unique challenges.
While the resolution is largely celebrated, there is ongoing discourse about the systemic obstacles women face in entrepreneurship, such as access to capital and networks compared to their male counterparts. The resolution brings forth the need for further action to address these disparities and ensure that the economic impact of women-owned businesses is fully realized and supported in California's legislative agenda.