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Reflecting on National Women’s Small Business Month: A Salute to Women Entrepreneurs

As we conclude National Women’s Small Business Month,  I want to take a moment to recognize and celebrate the incredible achievements of women entrepreneurs across the country. October is a time for us to acknowledge the dynamic economic contributions of over 13 million women-owned businesses in the United States, which now make up nearly 42% of all businesses. Collectively, these enterprises generate an impressive $1.9 trillion in revenue and employ over 10 million people, demonstrating the power and impact of women-led businesses in our economy

In reflecting on my time as the Assistant Administrator at the SBA, where I led the Office of Women’s Business Ownership through the largest expansion in the agency’s history, to today, as the CEO of the Association for Enterprise Opportunity, I am incredibly proud of the strides we’ve made for women entrepreneurs. Ensuring that women entrepreneurs, especially those from underserved communities, have the support and resources needed to thrive has always been central to my mission. Expanding the Women’s Business Center network to all 50 states was a monumental step toward bridging the gap for women entrepreneurs seeking technical assistance, training, and funding opportunities.

Despite these accomplishments, women entrepreneurs still face significant challenges, particularly when it comes to securing capital. Women receive only 2.3% of all venture capital funding, with the numbers even lower for women of color. Traditional financing barriers persist, but trends show that women are increasingly turning to alternative funding methods like crowdfunding, peer-to-peer lending, and angel investment networks. Additionally, many women-owned businesses are investing in technology, upskilling, and expanding networks to remain competitive in the evolving marketplace.

At the Association for Enterprise Opportunity (AEO), we are proud to stand alongside these women as advocates and allies. We remain committed to ensuring women entrepreneurs have access to the resources and support they need to thrive. Whether through technical assistance, policy advocacy, or creating networks that uplift and connect women business owners, AEO is dedicated to building a more equitable and inclusive environment for all.

As we close out National Women’s Small Business Month, let’s carry this momentum forward. Together, we can create an economy where every woman entrepreneur has the opportunity to grow, thrive, and lead. Here’s to the resilience, creativity, and leadership of women entrepreneurs everywhere.

In the solidarity of sisterhood,

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Natalie Madeira Cofield

President & CEO, Association for Enterprise Opportunity

 

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Natalie Madeira Cofield is the President & CEO of AEO, the voice of innovation in micro-and-small business in the United States. AEO and its nearly 3,000 members have helped millions of entrepreneurs contribute to economic growth while supporting themselves, their families, and their communities.