Monthly Blog Post from MTI President, Brian Whitney
The warmer weather and increased daylight these past weeks signal a change of seasons (despite this most recent storm!). This month, as you are likely aware, is Women’s History Month. Tracking the incredible arc of the rise of women in business since MTI’s inception in 1999 is a most welcome change, and a trajectory worthy of celebration.
To kick off this shift, and in honor of Women’s History Month, we will feature a few of the many women-owned or women-run businesses we support, as well as information about business and technical support for women-owned businesses.
A few noteworthy statistics to underscore the importance of this month come from the National Women’s Business Council 2023 Annual Report:
- 14 million women-owned businesses make up 39.1% of all U.S. businesses, a 13.6% increase from 2019 to 2023.
- Black/African American women-owned businesses represent 14.8% of all women-owned and 52.1% of all Black-owned businesses.
- Hispanic/Latina women-owned businesses represent 14.3% of all women-owned and 42.3% of all Hispanic/Latino-owned businesses.
- Women-owned businesses add $1.8 trillion to America’s gross domestic product every year.
We look forward to continuing to celebrate women in business not only this month, but in the months and years to come.
BW