female entrepreneurship in the great phoenix metro area
TRANSCRIPT
A Tale of Women Owned Businesses
Presented by Kristin Slice, MAMaricopa Small Business Development Center
Kristin Slice, MA• Masters in Human Communication with an emphasis
in qualitative research methods and gender. • Grant leader, executing entrepreneurial programs for
Maricopa SBDC.• Experienced entrepreneur, founder of Empowered
Lab Communications, working with agencies across the country to set up effective entrepreneurial diversity programs.
• Former Board Member for the National Association of Women Business Owners Phoenix Chapter and National Presidents Assembly Steering Committee
Between 2002 and 2012, the number of women-owned
businesses in the U.S. increased
at a rate of 3 x the
national average. - National Women’s Business Council, 2016
- McKinsey Institute, 2016
Benefits of Women Owned Businesses
• Women entrepreneurs tend to treat their employees better and give back to their communities
(Criterion Institute, 2013)
• Women entrepreneurs have higher levels of innovation than their male counterparts
(Harvard Business Review, 2013).
• An increase in the number of women in business leadership positions is correlated with increased business returns and payout ratios. (Kaufmann Foundation, 2015)
Innovation and technology firms are attracted to ecosystems with diversity.
Benefits of Women Owned Businesses
Successful startups have 2x as many women in senior roles than unsuccessful companies.
- Fortune, 2012
Benefits of Women Owned Businesses
Phoenix Metro Area
The State of Women-Owned Businesses, 2012
American Express Open State of Women Business Owners, 2016
Other states have implemented strategies to leverage the economic
development potential of female entrepreneurship.
Already we are feeling the effects….
50 /50 in entrepreneurship in Arizona would add 91,000 more jobs and $105.2 billion
to our local economy. - Datos, AZHCC 2016
- U.S. Census Bureau; generated by Melissa Kovacs, FirstEval
Lessons Learned
New York:Strong research and data makes efforts
more effective
Lessons LearnedBoston: Government leadership with a strong support campaigns can change the culture and
elevate the discussion.
Lessons LearnedIowa
Ranked 50th in 2012 Grassroots efforts, diversifying existing
services and increased collaboration can have a dramatic effect.
Research Findings
Procurement and Certification
Local Lessons in Research
• You can't "pink razor" entrepreneurship programs,
• Women require unique tools and solutions
• Strategic marketing supports and provides momentum
• Peer groups and mentoring need to be supported
What Is Happening Locally
Empowered PhXX is an innovative model of community economic development that
brings together diverse community stakeholders who serve female
entrepreneurs. Providing stakeholders with:
• In-depth, strategic, roundtable discussions on key issues.
• The latest research, data and national trends on female entrepreneurship.
• Leveraging collective strength to execute initiatives that address significant challenges in the local entrepreneurial ecosystem.
Empowered PhXX100% community-owned and self-
organized. Meaning no one person or organization runs it —
everyone contributes through action.
Plus many more…
Help Us Write An Epic Tale
Join the Discussion
Create Your Own Strategy
Supporting women owned businesses has tremendous
economic and social impact on our communities.
#PhXX