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- We cannot underestimate the importance of helping women and girls develop financial acumen to position them for success, no matter their life stage or unique journey. It will positively impact our democracy, our economy and our society.I realize that it can be difficult for companies based in big cities to understand the realities of everyday life in small-town America. But the stark truth is that compared with their suburban and urban counterparts, the 1.1 million rural families with young children face a multitude of challenges that impact their childcare outlook.There’s no question that empowering women to participate in their local, national, and global economies can have a positive overall impact. Statistics show that greater equality in education, workforce opportunities, and entrepreneurship can lead to improved business outcomes and stronger, more inclusive economic growth.For the first time in history, more than 10% of Fortune 500 companies are now led by women CEOs, according to January 2023 data from Fortune. This shift is indicative of an overall change in women’s participation in the workforce in recent decades, in which women are changing jobs more frequently than their male counterparts and at the highest rates of all time.More women than ever are starting their own businesses today — and yet, only about one-third of businesses across the globe were owned by women as of 2020, according to World Bank Gender Data. That’s because, despite the surge in new startups founded by women, female entrepreneurs still face certain barriers to growth at higher rates than their male counterparts, including a lack of access to capital and reduced availability of working hours due to pandemic-related challenges like affordable childcare.For women to experience greater equality and more economic opportunities, it’s important that they have access to networks and programs specifically designed to support and empower women and the communities they belong to. One such initiative is The Global Women in Management (GWIM) program, a partnership between Counterpart International and ExxonMobil designed to develop the management and leadership potential of female professionals worldwide.Across the country, businesses of all sizes are doubling down on their commitments to more diverse and inclusive hiring practices. This is especially true in industries like the STEM fields (science, technology, engineering, mathematics), where women have been and continue to be underrepresented in the workforce.To better understand the dynamics of the procurer and B2B Black-owned business rapport, the U.S. Chamber of Commerce Foundation collaborated with the North Carolina State University (NCSU) Poole College of Management on research to gauge the experiences and attitudes of procurers and B2B Black-owned businesses.The U.S. Chamber of Commerce Foundation recently convened cross-sector leaders to discuss the state of Ukraine’s ongoing humanitarian crisis, commemorating one year since the Russian invasion.The U.S. Chamber Foundation's Coalition to Back Black Business (CBBB) today announced it has awarded $5,000 grants to 324 Black small business owners representing 40 states, District of Columbia and the U.S. Virgin Islands, delivering on its mission to advance the long-term success and resilience of America’s Black-owned small businesses.
