Global Banking Alliance Secures Billions for Women-Owned BusinessesWomen in the economy are proving to be a force to reckon with as they make up 40 percent of the world's workforce and secure $20 trillion in consumer spending. In an effort to continue supporting women and their financial accessibility, the Global Banking Alliance for Women recently announced it will gather $4.3 billion in capital for women-owned businesses throughout the world.
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Lenders More Cautious Toward Women Small Business OwnersWith almost 8 million women-owned businesses in the U.S., more female entrepreneurs are making an impact and growing at a rapid pace. However, some women are struggling to obtain the funds needed to start and maintain a successful business.
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Women Invest in the FutureMany entrepreneurs are using the internet as a tool to achieve more financial support for their business or product idea, but more women are benefiting from it. A recently released paper titled, “Gender Dynamics in Crowdfunding: (Kickstarter)” by Dan Marom, Alicia Robb, and Orly Sade, found that women have an eight percentage-point advantage over men in effectively obtaining funds through the popular website.
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Senator Gillibrand & NWBC Chair Carla Harris' Remarks on Women's Equality DayWomen’s Equality Day celebrates the anniversary of the 19th Amendment which granted women the right to vote in the United States. In honor of the day, Senator Gillibrand and National Women’s Business Council (NWBC) Chair Carla Harris released their remarks on the subject of women equality.
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Business Program Provides Guidance and Skills to Women in Afghanistan, RwandaWomen entrepreneurs chosen from two countries—Afghanistan and Rwanda—were flown to the United States earlier this week to participate in the last segment of the 2014 Peace through Business program in Dallas, TX.
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Crowdfunding, an Equalizer for Women EntrepreneursWomen entrepreneurs have steadily emerged as leading contenders among new business start ups. Although statistics show that the rate of women starting businesses has significantly increased over the years, women entrepreneurs are still experiencing undercapitalization.
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Women in Business and Housing Rise to the Top July has already proven to be a monumental month for women in both business and the housing economy. Earlier this week, the top business professionals and most influential person was announced for multiple news outlets and websites. Women maintained strong presences on all lists and reports.
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Women-led Start-ups Increase in Latest Winners of Arch Grants The 2014 winners of the St. Louis Arch Grants competition were announced today and reveal an increase in women-led start-ups. Of the 20 recipients of the $50,000 grants, 40 percent are women-led which is an increase from the previous year.
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Senate Banking Panel Approves Fannie, Freddie Wind-Down
A Senate panel passed legislation on Thursday that would wind down Fannie Mae and Freddie Mac, and prevent taxpayers from financing another bailout, similar to the financial crisis in 2008. Introduced by Senators Tim Johnson (D-S.D.) and Mike Crapo (R-Idaho), the bill sought to create a new government agency, the Federal Mortgage Insurance Corporation (FMIC).
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NWBC Welcomes New Executive DirectorWashington, DC. Today, the National Womens Business Council, NWBC, announced its new Executive Director: Amanda Brown. Amanda was most recently the National Political Director for Rock the Vote. She is a Forbes 2014 30-under-30 recipient and has previously served as an Advisor for Strategic Planning to the U.S. Department of Energy Secretary Steven Chu.
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