Women entrepreneurs are key economic actors in New York City — building businesses that support families, uplift communities and generate jobs.
WE NYC (Women Entrepreneurs NYC) is an initiative based out of the New York City Department of Small Business Services that is dedicated to helping women start and grow their businesses.
While there are about 414,000* women entrepreneurs in NYC and women contribute approximately $50 Billion dollars annually in revenue, according to our research, men own 1.5 times the number of businesses, have 3.5 times the number of employees, and generate 4.5 times the amount of revenue.
*Updated number according to the 2012 Economic Census.
WE NYC has researched the reasons for this gender gap and developed tailored programs and tools with women entrepreneurs through user testing and intensive feedback efforts to create an initiative that connects women entrepreneurs with the resources, education and community they need to thrive.
To best serve women entrepreneurs, WE NYC connected with over 1,500 women entrepreneurs through interviews, community forums, and surveys. We identified challenges and opportunities and discovered that despite the significant gender gap, women business owners contribute over $50 billion dollars annually in revenue to the City!
Unlocking the Power of Women Entrepreneurs in New York City is a comprehensive research report commissioned by WE NYC and funded by Citi Community Development that engaged more than 1,500 women business owners through an online survey, focus groups, community forums, and in-person conversations to uncover the most pressing challenges and opportunities facing women business owners in New York City today.
To design responsive and inclusive WE NYC services that makes sense in women’s lives, the WE NYC team learned from the real experts on this issue: the women entrepreneurs working every day to start and grow their businesses. Over the course of five weeks, the WE NYC team sat down with more than 150 women business owners in neighborhoods across the five boroughs to learn more about what it takes to be a woman entrepreneur in New York City.
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