FEDERALhearing transcript

Hearing on Fostering Women's Entrepreneurial Success

Original title: FOSTERING WOMEN'S ENTREPRENEURIAL SUCCESS

January 1, 2018

small business women entrepreneurs access to capital economic growth venture capital

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The Frame

What this does

This hearing serves as a formal record of the barriers women business owners face in securing funding, which informs potential future federal policy regarding Small Business Administration programs and venture capital access.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Women entrepreneurs

They are the primary subject of the hearing, which examines the financing and support structures available for their business ventures.

Small Business Administration

The agency's programs, such as Women's Business Centers and SCORE, are evaluated for their effectiveness in supporting women business owners.

What changed

Last recorded activity January 1, 2018.

What's next

Next step not available in the current record.

Summary

The House Subcommittee on Health and Technology held a hearing to examine the growth of women-owned businesses and the persistent challenges they face, particularly regarding access to capital and financing. The session featured testimony from four women business leaders on their experiences and the effectiveness of current support programs.

Key Facts

As of 2016, there were 11.3 million women-owned businesses in the U.S.
Women-owned businesses employed nearly 9 million people and generated over $1.6 trillion in 2016.
Between 2007 and 2016, the number of women-owned businesses increased by approximately 45 percent.
Women-owned businesses currently represent roughly 38 percent of all U.S. businesses.
Men typically launch businesses with twice the capital of women.
Less than 10 percent of all venture funds are granted to women-led businesses.
The hearing was held on October 12, 2017, in the Rayburn House Office Building.

Frequently Asked Questions

What is the purpose of this hearing?

To highlight the economic impact of women-owned businesses and identify the challenges they face, specifically regarding access to financing and capital.

What are the primary obstacles mentioned for women entrepreneurs?

The primary obstacle identified is a lack of access to adequate financing and venture capital compared to male-owned businesses.

Why It Matters

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift100% confidence

Growth Disparity

The hearing highlights that while women-owned businesses grew five times faster than the national average between 2007 and 2016, they still only represent 38% of total businesses.

Small Business Administration

Connected Entities

organizationSmall Business Administration“Federal agency providing support programs for small businesses”Map →

personHester Clark“Witness, President of Hester Group”Map →

personAumua Amata Coleman Radewagen“Chairwoman of the Subcommittee on Health and Technology”Map →

personJeannette King“Witness, CEO of Strategic Resolution Experts, Inc.”Map →

personJanice Green“Witness, CEO of Jancare Private Health Service, Inc.”Map →

personAntonella Pianalto“Witness, CEO of Association of Women's Business Centers”Map →

personAl Lawson, Jr.“Ranking Member of the Subcommittee”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance40
How much this matters to a regular citizen
Controversy10
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz5
Current news / social attention level

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