{"id":7330,"date":"2024-03-21T14:48:25","date_gmt":"2024-03-21T18:48:25","guid":{"rendered":"https:\/\/pagely-test.frontdoor.godaddy.com\/ventureforward\/?p=7330"},"modified":"2024-03-22T13:47:53","modified_gmt":"2024-03-22T17:47:53","slug":"women-microbusiness-owners-up-33-in-the-u-k-and-10-in-u-s-narrowing-the-gender-gap","status":"publish","type":"post","link":"https:\/\/www.godaddy.com\/research\/women-microbusiness-owners-up-33-in-the-u-k-and-10-in-u-s-narrowing-the-gender-gap\/","title":{"rendered":"Women microbusiness owners up 33% in the UK and 10% in US, narrowing the gender gap"},"content":{"rendered":"\n

The big fact<\/strong><\/h4>\n\n\n\n

The number of women-owned microbusinesses has continued to increase in both the U.S. and U.K. according to the\u00a0GoDaddy Venture Forward U.S. National Survey<\/a> conducted in August 2023 (n=3,525). As a result, the gender gap narrowed. More than half (51%) of microbusiness owners in the U.S. are women, increasing by 10% in the last two years, and up 25% relative to where it started in 2019. And 42% of microbusiness owners in the U.K. are women, up 33% in the last two years.<\/p>\n\n\n\n

Gender parity in business growth could boost the global GDP (Gross Domestic Product) by as much as 2 to 3% ($2 trillion) and generate 288 to 433 million jobs, according to a Citi analysis<\/a>.<\/p>\n\n\n\n

Black women are the fastest-growing group of entrepreneurs<\/strong><\/strong><\/h4>\n\n\n\n

Of the microbusinesses owned by a Black entrepreneur, over half in the U.S. (68%) and U.K. (60%) are Black women, according to GoDaddy\u2019s Venture Forward research initiative. Since 2020, the share of Black women-owned businesses out of all microbusinesses grew 70%, making them the fastest growing demographic.<\/p>\n\n\n\n

Click here<\/a> to learn more about the growth of Black women microbusiness owners.<\/p>\n\n\n\n

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Business size doesn’t matter<\/h4>\n\n\n\n

Women are narrowing the gender gap with smaller businesses and less funds.<\/p>\n\n\n\n