Closing the Wealth Gap, One Woman Entrepreneur at a Time
March 17, 2022
(StatePoint) Women represent the majority of all entrepreneurs today. In 2020 alone, women started 2,000 small businesses nationwide and of those, 64% were founded by women from diverse backgrounds, according to Funderal statistics.
While this trend is encouraging, a recent study conducted by the Nasdaq Entrepreneurial Center, Penn State University and Fair Pay Workplace shows that pay, ownership and valuation disparities are compounding the already large gender wealth gap.
Barriers to profitability and pay equity. According to the study, access to capital is the number one barrier impactin...