Women entrepreneurs is growing
Mar. 19, 2024
Global Korean Post
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The State of Women’s Entrepreneurship (SOWE) annual report provides the most complete picture of research on women’s entrepreneurship in Canada.
Some of the findings from the 2024 SOWE report include the following:
- Women business ownership is growing: In 2023, approximately 18.4% of all businesses were majority owned by women in Canada, compared to 15.6% in 2017.
- Women entrepreneurs drive economic growth and sustainability: Women-owned businesses focus more on innovation and environmental sustainability than men-owned businesses.
- Women entrepreneurs still earn less: 37.1% of women entrepreneurs earn less than $50,000 annually, compared to 31.7% of men entrepreneurs.
This report shows that while women entrepreneurs are making progress, they continue to face challenges, and more work needs to be done.
