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A few weeks ago, I visited Pranna Physical Therapy of Stamford, one of the winners of the Women’s Business Development Council’s (WBDC) Ignite Grant. This incredible program is dedicated to empowering and supporting women-owned businesses as they grow and thrive. Since its inception, the program has provided critical funding to 365 women-owned businesses in Connecticut, totaling $3.3 million.
Last year, Representative Meskers and I participated in a roundtable discussion with the WBDC where we zeroed in on the unique challenges facing women entrepreneurs and business owners. The biggest message that I got from that meeting was that we need to do more to support women’s entrepreneurship in this state.
In the past 20 years, CT-based women-owned businesses have grown by 56%, and now contribute more than 16 billion dollars a year to our gross state product. Nationwide, women-owned businesses are growing at five times the national average of all firms. The really impressive thing is that they now employ over 10 million people and generate over $2 trillion in sales every year!
Our economic future depends on women-owned businesses and entrepreneurs. And, as the parent of four daughters, I want women to have every possible opportunity open to them.
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