Good grief, I’m tired! But in a good way…
I spent the entire day yesterday in Washington, D.C., attending the Center for Women’s Business Research’s Research to Roadmap event, and I must say it was first class all the way. There’s something about CfWBR events . . . you’re networking, learning about your business, planning for change. You leave physically exhausted, but your cup runneth over with ideas! Amazing. (And I’m not just saying that because I’m on the advisory board!)
Speaking of amazing, the research results are out and I’m absolutely floored. Check it out:
- There are 1.9 million businesses owned by women of color (gosh, I hope they counted my company!).
- Women-of-color-owned companies employ 1.2 million people and;
- Collectively generate $165 billon dollars in revenue (hello, Oprah!)
And, here are some more stats for your noggin:
In the six years between 2002 and 2008, the number of firms owned by women of color increased by 32 percent, the number of employees increased by 27 percent and revenues increased by a whopping 48 percent.
- Women of color-owned businesses make up 26.5 percent of all women businesses.
- Out of all the employees working at women-owned businesses, 15.8 percent of them work at a company owned by a woman of color.
- 15.6 percent of all revenue generated by women-owned businesses come from a business owned by a woman of color.
These numbers finally tell the rich story that I knew all along. Women of color are making money and, more important, we’re making a difference.
This entry was posted on Thursday, May 8th, 2008 at 10:12 am and is filed under Conferences, Events. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.2 Responses to “Post Event: Research to Roadmap Research Results”
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May 9th, 2008 at 12:14 pm
Lena, thanks for sharing such useful information. This information will be very helpful as I seek funding for the Midlife Media Network, my latest venture. I’ve run three businesses over the past 18 years, which was an amazing, daunting and sometimes lonely feat. These facts confirm what I’ve always known: I made a difference in dollars and cents as well as in inspiration. Thanks!
May 9th, 2008 at 12:55 pm
@Dina:
Thank you for your kind words. And, you’re more than welcome. That’s what this blog is all about.