Women entrepreneurs are taking the world by storm!
Reports show that:
- The number of women-owned firms increased by 54% between 1997 and 2012 - that's a rate 1 1/2 times the national average (Source: The New York Times (January 2013))
- 65% of business owners are women (Source: National Entrepreneurial Attitudes Study (2013))
- Women will control two-thirds of the consumer wealth in the U.S. over the next decade and be the beneficiaries of the largest transference of wealth in our country's history. (Source: Mediapost (2013))
I was then glad to hear that billionaire fashion designer Tory Burch, through the Tory Burch Foundation, has partnered with Bank of America to accomplish the mission of Elizabeth Street Capital.