Texas Wake-Up Call: Women in Business, Women of Color
U.S. Women's Chamber of Commerce to hold roundtable in Dallas, Texas to review findings and issues uncovered in the "Wake-Up Call: Opportunity Lost" report on women-owned and women of color-owned businesses.
Dallas, TX, February 22, 2016 (Newswire.com) - Today, the U.S. Women’s Chamber of Commerce (http://uswcc.org) announces, “Wake-Up Call: Women in Business, Women of Color” roundtable to be held on February 24, 2016 from 9:30 am to noon in Dallas, Texas. Women, women of color, resource providers and other supporters of women in business are invited to attend.
This meeting is part of a national series of roundtables to be held across the United States to address the findings of the “Wake-Up Call” report issued by the U.S. Women’s Chamber of Commerce which includes data from the recently released 2012 U.S. Census Survey of Business Owners.
The U.S. Women’s Chamber of Commerce found the following important and alarming data on Texas women business owners:
- Texas women own 36.77% of all Texas firms but generate just 3.48% of all revenues.
- 73.43% of all Texas women-owned firms have revenues of less than $25,000.
- Only 3.51% of Texas women-owned firms have revenues over $500,000 compared with 10.24% of Texas male-owned firms.
- Compare these statistics with male-owned businesses which represent 53.11% of all Texas firms and generate 23.38% of all revenues.
Texas women business owners, women of color must come together to advance the policies and resources needed to generate better outcomes for our businesses.
The statistics for Texas women of color are even worse:
- Black or African American women own 14.51% of all Texas women-owned firms but secure just 2.97% of the revenues and average just $29,710 in annual revenues.
- Hispanic women own 33.47% of all Texas women-owned firms but secure just 13.35% of the revenues and average just $57,964 in annual revenues.
- Compare these statistics with those of White Texas women-owned firms: White women own 69.85% of all Texas women-owned firms and secure 84.83% of the revenues and average $176,461 in annual revenues.
“The obstacles to growth facing women business owners – most dramatically women-of color owned businesses – are negatively impacting their business revenues and profits,” states Margot Dorfman, CEO of the U.S. Women’s Chamber of Commerce. “These struggles translate into massive opportunity losses for business owners, their employees, families and communities. It behooves every American to call upon political, governmental and business leaders to take action to open the doors to opportunity for women-owned firms.”
“Texas women business owners, women of color must come together to advance the policies and resources needed to generate better outcomes for our businesses,” states Felicia James, President of Primestar Construction and Regional Director for U.S. Women’s Chamber of Commerce | Texas (Dallas-Fort Worth Region). “During this important political season, we are stepping up to make clear that we need greater access to capital, markets, education and resources, and affordable childcare. We need to significantly raise American incomes so as to spur consumer spending and investments in infrastructure to drive job and economic growth.”
Those interested in attending this and future meetings, may register at the U.S. Women’s Chamber of Commerce website.
About The U.S. Women's Chamber of Commerce (USWCC)
The USWCC is the leading advocate for women on economic and leadership issues. As the economic leader for women, the USWCC creates opportunities, drives progress, advocates, and provides tools and solutions to support the economic growth of women across America. On December 3, 2015, the U.S. Women's Chamber of Commerce has endorsed Hillary Clinton for the 2016 Presidential race; the first presidential endorsement ever for the association. The USWCC is a not-for-profit 501(c)6 organization founded in 2001 with over 500,000 members; its headquarters offices are located in Washington, D.C. Contact the USWCC at 888-418-7922.