California Women’s Economic Summit

In California, 2 out 3 women in the workforce are women of color. Women-owned businesses generate $362+ billion in annual revenue in California. California is home to more women-owned businesses than any other state, with an estimated 1.5 million women-owned firms. Women are 50% of the population and the fastest-growing segment of entrepreneurs. Yet 89% of women are forced to self-fund their businesses using personal savings or credit cards. Worldwide, unpaid care responsibilities are cited as the reason 708 million women are outside the labor force. 59% of women entrepreneurs prioritize community impact social missions and 45% support local community causes. Because when women build businesses, communities grow, jobs expand, and California’s economy becomes stronger for everyone.

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