Who: The 2012 Leading Women Entrepreneur Finalists
What: Women Entrepreneurs are Igniting Change
As business owners reflect upon the last year, mixed feelings and perspectives result. The economy has stabilized somewhat, yet needs improvement. People are spending some money, yet still anxious. New Jersey housing market is still unstable; yet for the New Jersey business economy, there is a silver lining that is igniting change. The silver lining is the women entrepreneurs and business owners in New Jersey as exemplified by their accomplishments.
The 2012 Leading Women Entrepreneur Finalists are made up of a list of 157 women. Their estimated combined revenue generation is 1 billion dollars, they are employing nearly 10,000 people and they support over 1800 non-profits. Here are some interesting statistics about them as a group:
• Only 3% of all women-owned firms have revenues of $1 million or more.* Yet almost 60% of the finalists have reached or far exceeded that level of profit
• Annually, 26% of Americans volunteer at a non-profit at least once. Yet all of the finalists are actively involved in social advocacy and dedicate their time to a wide variety of causes
• According to the Bureau of Labor Statistics the unemployment rate for New Jersey rose 0.4 percentage points in June 2012 to 9.6%. However, Finalists are employing close to 10,000 people. Research shows that by 2018 women entrepreneurs will be responsible for creating 5.5 million new jobs nationwide.**
The significance women owned companies have for the nation is remarkable and undervalued. An October 2010 U.S. Department of Commerce report called Women-Owned Businesses in the 21st Century revealed interesting facts. “The strong growth of women-owned businesses in recent years, and their performance as job creators at a time when other businesses have been losing jobs, testifies to the importance of women-owned businesses to the economy. Women-owned businesses are an economic resource that has not yet been fully developed. Thus, more attention needs to be given to identifying opportunities to encourage and support women who wish to become entrepreneurs.”
On December 6, 2012 the Leading Women Entrepreneurs of New Jersey will be honoring the Top 25 New Jersey, Leading Women Entrepreneurs for 2012. Sponsored by TD Bank and Fairleigh Dickinson University’s Rothman Institute for Entrepreneurship, the evening will recognize the women entrepreneurs for their service, leadership and contribution to their communities and the state’s economic recovery. Lynn Doyle the television host of Its Your Call with Lynn Doyle will be the Keynote presenter. In addition, there will be a variety of other media representatives attending including New Jersey Monthly Magazine and writers from the Wall Street Journal, MSNBC, Princeton TV, several local media outlets.
Registration is required, go to www.leadingwomenentrepreneurs.com or call 201-388-9624. Fairleigh Dickinson University’s College at Florham is located at 285 Madison Ave., Madison, N.J.
*Center for Women's Business Research ** The Guardian Life Small Business Research Institute