Women’s Small Business Month.
The resolution serves to elevate the status of women in the business community and underscores their role in job creation and economic stability. By declaring October as Women's Small Business Month, the bill encourages communities to support women entrepreneurs and raises awareness about the barriers they encounter. The acknowledgment of this month may lead to increased local initiatives aimed at providing resources, mentoring, and networking opportunities specifically for female business owners.
SCR92, introduced by Senator Nguyen, designates October 2023 as Women's Small Business Month in California. This resolution seeks to acknowledge and commemorate the increasing economic contributions of women-owned businesses, which are recognized as vital to both state and national economies. According to the U.S. Small Business Administration, there are approximately 13 million women-owned businesses in the United States, generating nearly $1.9 trillion in revenue. This resolution aims to highlight the successes of these businesses while also recognizing the unique challenges women entrepreneurs often face.
While SCR92 is largely a celebratory measure, it points to underlying issues related to gender disparities in entrepreneurship. The fact that women-owned businesses, particularly those led by women of color, are among the fastest-growing demographics in the business sector highlights both progress and persistent challenges. Women entrepreneurs often encounter systemic barriers to access financing, mentorship, and business networks. The resolution implicitly calls for continued support and advocacy to dismantle such obstacles and improve the overall landscape for women in business.