At International Ventures we are celebrating our certification as a Women Owned Business Enterprise and a member of the Women’s Business Enterprise National Council. The process to obtain the certification is time-consuming and tedious and critically important.
So what does the certification mean in the whole business picture?
The World Economic Forum’s Global Gender Gap Report 2022 reveals some positive and some not so surprising trends.
Today, women own about 40% of all US businesses. Women started 49% of new businesses in the US in 2021, up from 28% in 2019, according to a new study.
Women entrepreneurship is also growing around the world, but obstacles remain and men still outnumber women 3-1 when it comes to business ownership.
In our world of steel, we knew it is important that the industry realized that we are woman-owned. The Report also revealed that more women than men continue to be impacted by the pandemic.
At IV, the pandemic drastically impacted the manufacturing supply chain, and we worked to gain partners who could provide the materials. We rose to the challenge and continued to deliver reliable, creative, client-based, and cost-effective services.
Being woman-owned is no easy path. By including women-owned businesses among their suppliers, companies demonstrate their commitment to the continued development of their supplier diversity programs, which in turn empowers women as leaders and brings about a more diverse, balanced and sustainable economy.
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