Bill Text: CA ACR125 | 2021-2022 | Regular Session | Introduced
Bill Title: Women’s Small Business Month.
Spectrum: Moderate Partisan Bill (Democrat 57-16-1)
Status: (Engrossed - Dead) 2022-08-08 - In Senate. To Com. on RLS. [ACR125 Detail]
Download: California-2021-ACR125-Introduced.html
CALIFORNIA LEGISLATURE—
2021–2022 REGULAR SESSION
Assembly Concurrent Resolution
No. 125
| Introduced by Assembly Member Boerner Horvath |
January 24, 2022 |
Relative to Women’s Small Business Month.
LEGISLATIVE COUNSEL'S DIGEST
ACR 125, as introduced, Boerner Horvath.
Women’s Small Business Month.
This measure would designate the month of October 2022 as Women’s Small Business Month and encourage all citizens to recognize the economic importance of women’s small businesses in California.
Digest Key
Fiscal Committee: NOBill Text
WHEREAS, There are, as of 2019, an estimated 13 million women-owned businesses in the United States, which employ nearly 9.4 million people and generate $1.9 trillion in revenue, and this number is up 21 percent from 2014, a growth rate that is more than double that of all businesses; and
WHEREAS, The number of firms is larger than the number of employees because some businesses are one-woman ventures and some women own multiple firms; and
WHEREAS, Between 2014 and 2019, growth in the number of women who became part-time entrepreneurs was nearly double overall growth in women who became entrepreneurs: 39 percent compared to 21 percent respectively; and
WHEREAS, For the year 2019, women of color represented 39 percent of total female population in the United States, but accounted for 89 percent of the net new women-owned businesses per day.
WHEREAS, Women-owned businesses represent 42 percent of all businesses; and
WHEREAS, There are still too few female investors and startup entrepreneurs, making it more challenging to raise much-needed capital; and
WHEREAS, Although more women are embracing entrepreneurship, they often face challenges not typically shared by their male counterparts, including defying social expectations, limited access to funding, owning a sense of accomplishment, building a support network and mentors, and balancing business and family life; and
WHEREAS, While 79 percent of women entrepreneurs in the United States feel more empowered now than they did five years ago, 66 percent still report difficulty in obtaining the funding they need to succeed; and
WHEREAS, Despite demanding and long hours, women become business owners to implement a new business idea or vision, enjoy the freedom of being an entrepreneur, or to solve a specific industry problem; and
WHEREAS, Women-owned businesses are key to our overall economic success, and their importance is rapidly growing; now, therefore, be it
Resolved by the Assembly of the State of California, the Senate thereof concurring, That the Legislature designates the month of October 2022 to be Women’s Small Business Month and encourages all citizens to recognize the economic importance of women’s small businesses in California; and be it further
Resolved, That the Chief Clerk of the Assembly transmit copies of this resolution to the author for appropriate distribution.
