Iowa’s female entrepreneurs lag

While women all over the United States are opening the doors to their small shops and managing their own businesses, their counterparts in Iowa have not followed the national trend.

American Express OPEN’s most recent report on women-owned businesses revealed that between 1997 and 2013, the number of women-owned businesses increased by 59 percent in the United States.

In Iowa, however, the growth rate was ranked at the 49th spot and showed only a 23 percent increase, according to the report.

“Iowa businesses reflect the national trend, [but] Iowa women-owned businesses do not fare as well,” said Diane Ramsey, the executive director of the Iowa Women’s Leadership Conference. Ramsey said these rankings “absolutely” need to change in the future.

“Women-owned businesses across the nation are growing faster than any other sector, so we have an opportunity here in Iowa to do what other states are doing, and in order to do that, we need to, as a state, have a focus on women-owned business,” she said.

Read the full article here

Previous Chase is Again the Nation’s #1 SBA Lender to Women- and Minority-Owned Businesses
Next Number of women-owned businesses growing in Arkansas

About author

You might also like

News | Iowa

Iowa’s Glass Ceiling

CNBC ranks Iowa as the twelfth top state for business. So why are we dead last in economic clout for women-owned businesses according to a March report from American Express? Maureen

News | Iowa

Former State Rep. Kelley to serve on gender balance group

Former Cedar Falls lawmaker Doris Kelley was recently elected to the board of directors of 50-50 in 2020, a statewide initiative working to increase women’s presence in politics in Iowa. “During