Vermont Business Magazine The Vermont Community Foundation’s Vermont Women’s Fund announced the release of a mid-year report for This Way UP: there is power in our numbers, the initiative to count and identify women business owners in the state. The objective of This way until is to provide the missing pieces of Vermont economic data, including the size and scope of women-owned businesses and what they need to succeed and grow.
“The Vermont Women’s Fund is committed to the economic success of women and girls in our state,” said Meg Smith, director of the Vermont Women’s Fund. “And although women have been in business for many years, there is no data on them, which essentially makes them invisible. How can we help a business grow if we don’t know who they are? and where to find them?
The release of This way untilThe mid-year report from provides an overview of what this database compiles on women entrepreneurs in Vermont’s business sector.
To date, the 2,250 companies identified and listed (including 70 business leaders and business and association leaders):
- Generate $2.1 billion per year
- Create over 4,500 part-time and full-time jobs in our state
- Give back the equivalent of $28 million to charities and/or nonprofits in our communities
When asked “What life changes led them to start their business?”, the responses were as follows:
- 22% lost their job and decided it was time to work for themselves
- 20% became caregivers of children, parents and/or loved ones and needed flexibility
- 17% had a mentor who helped them
- 14% had someone offer to support them at the start
- 12% had no other work options and had to start a business
These are just two of the data points included in This way untilmid-year report. A copy of the report can be viewed here.
Smith continues, “We aim to reach 10,000 companies by the end of 2022, and then we plan to work with a community of advisors to determine the best next steps, ranging from creating an investment fund in micro-loans to the organization of mentoring circles. by industry. The range of possibilities expands as our numbers increase.
This way until collects data through a website and a survey with questions about business finance, life experiences, and what businesses need to be more successful. A remarkable aspect of the tool is that the data is always up to date. The responses are aggregated in real time, accessible under the “Today’s Numbers” tongue. To learn more, including how to register your business, visit thiswayupvt.com.
The Vermont Women’s Fund is the state’s first and largest philanthropic resource founded specifically to advance women and girls in Vermont. Founded in 1994, it is a fund of the Vermont Community Foundation and provides annual grants to nonprofit organizations in the state that serve women and girls with programs that promote economic empowerment, career development and system change. Learn more about vermontwomensfund.org.
The Vermont Community Foundation inspires giving and brings people and resources together to make a difference in Vermont. A family of hundreds of funds and foundations, we provide the guidance, investment vehicles, and back-office expertise that makes it easy for people who care in Vermont to find and fund the causes they love. We envision Vermont at its best, where everyone has the opportunity to build a bright and secure future. Visit vermontcf.org or call 802-388-3355 for more information.
Vermont Community Foundation