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VIDEO: Women Business Owners Creating Jobs, Driving the U.S. Economy

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VIDEO: Women Business Owners Creating Jobs, Driving the U.S. Economy

By Karen Mills, Former SBA Administrator
Published: October 17, 2011 Updated: September 20, 2016

Each October, we celebrate one of the fastest-growing segments of America’s economy: woman-owned businesses.  As a woman who has started a business and owned several businesses over the years, this is especially important to me.

Today, there are about 8 million woman-owned businesses in the U.S.  From 1997 to 2007, the number ofthese firmsgrew about twice as fast as that of men.  Find more facts about woman-owned firms here.

We’re building on the momentum of these job creators in a number of ways.

For example, this year, we rolled out the new women’s contracting program.  It will help more women-owned businesses compete for federal contractsin over 300 industries where they’ve been underrepresented.

In addition, as we approach Veterans Day, I’m proud to say that over 400 women have graduated from the first year of our Veteran Women Igniting the Spirit of Entrepreneurship program (V-WISE).  If you’re one of our 2 million women veterans and you’re interested in this unique training program, go here to see if it’s coming to a city near you.

Finally, I wanted to share a clip of an interview that our Assistant Administrator Ana Harvey (of SBA’s Office of Women’s Business Ownership)recentlydid on a show called “The Balancing Act” which aired on Lifetime.  Check it out here:

SBA's Ana Harvey appearing on Lifetime

If you’re a woman thinking about starting a small business – or if you already own one and have questions about how to keep growing – please contact your local SBA office.  Our top priority is to make sure you have the tools you need to grow and create jobs.

[Video Transcript]

About the Author:

Karen Mills

Former SBA Administrator

Karen Gordon Mills is the Former Administrator of the U.S. Small Business Administration. The SBA helps both Main Street and high-growth small businesses get access to capital, counseling, federal contracts, disaster assistance and more.


I know its not much but I am a stay at home mom and I'm trying to create a business myself. It gets hard at times but videos like these keep me inspired.
Great to see women being recognized in this way, all woman business owners are very important to the US and often bring unique and different business ideas.
Nice article. I'll be forwarding it to my women-owned business friends. Good list of links.

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