WelcomeGoals:

Agenda:

National Research

Between 2002 and 2012, the number of women-owned

businesses in the U.S. increased

at a rate of x 2 1/2

the national

average.

In employer firms

The Value of Diversity • Women entrepreneurs tend to treat their

employees better and give back to their communities

(Criterion Institute, 2013)

• Women entrepreneurs have higher levels of innovation than their male counterparts

(Harvard Business Review, 2013).

• More broadly, an increase in the number of women in business leadership positions is correlated with increased business returns and payout ratios.

(Kaufmann, 2015)

Successful startups have 2x as many women in senior roles than unsuccessful companies.

- Fortune, 2012

 Gender is the most powerful

determinant of how we experience the world.

Unconscious gender bias refers to the information, attitudes, and stereotypes that affect the way we process information subconsciously.Research has shown unconscious gender bias to affect access to capital, mentors, entrepreneurial programs and networks.

Arizona

50 /50 in entrepreneurship in Arizona would add

91,000 more jobs and $105.2 billion to our

state economy.

There is a growing body of research that showing DIVERSITY is a key factor in

building strong entrepreneurial ecosystems.

Many national rankings are incorporating diversity as a key factor.

Relative to other states Arizona is under-developing the fastest growing population

of entrepreneurship in the country.

Women

American Express Open State of Women Business Owners, 2016

Other states have acknowledged gender bias in business and have develop strategies to

give everyone an equal opportunity:

Already we are feeling the effects….

• Lauren STOP HERE

The Big Picture• Strengthen the local economy– 50/50 Entrepreneurship

Goal: Advance the entrepreneurial ecosystem in Phoenix for women to grow successful businesses through increased connection, communication and access to effective business building resources.

Objective: Increase Phoenix women-owned businesses’ profitability and growth, leading to a

10% increase in jobs created by those businesses over the next three years.

Thereby, establishing Phoenix as a national leader in the creation of successful women owned businesses.

That 10% increase represents 91,000 additional jobs in PhXX in 3

Years

Initial Challenges• Overall:– Lack of research– Need for collaboration– Understand WBO growth

cycle• Specific to Empowering

WBOs: – Confidence– Capital– Certification

Procurement and Certification

Common Business Growth Stage Map for Resources

Our Solutions and Successes• Funded research• “The Pledge”• Growth cycle mapped• Facilitated meetings• Summits every 6 months• Roundtables every other

month• Action initiatives• More to come . . .

Lisa Marie

• What her participation has looked like.• Participating in the roundtables. • Taking the Collaboration Pledge• What she has gotten out of it…

Moving Forward

PhXX Idea Cafe

Round OneChoose one person who be the anchor person to stay at the table after this round to summarize for the next group. Your job is to listen carefully :) 

Everyone is the recorder of ideas. Capture them all on the white sheet on the table. Include contact names or groups that might help with your idea (including your own!). 

Round One

The voice of Entrepreneurs needs to

be clarified and strengthened. Ideas I

have to make this happen include…..

Round TwoYou are now a high performing group! Choose a new person who will stay at the table for Round 3. 

The anchor person will take take 3 min to summarize the ideas that were generated by the last group. 

Build upon the ideas of the previous group or add new ones! See if you can double what is on the sheet! 

While the “voice actions” are important, identify additional

ideas that would ensure actions address 50/50

representation of entrepreneurs in our

community. 

Round One

Round ThreeChoose a person who will report for your group. You are now in the think tank mode!! 

Ideas I have for any and all actions to ensure a strong economy and flourishing community. Go beyond Voice to all issues that might be addressed. Please make sure you provide suggestions for who, what, when, where if possible. 

Round One

Report out:  • 2 Actions for Voice• 3 Actions for 50/50% Voice• 2 Actions for other issues to consider.

Please go stand by one of the sheets that

contains an idea you are passionate about, can see helping become a

reality.

• Determine which issue on the sheet is the one you want to work on. You may break into smaller groups if there are multiple ideas. 

• Decide: who will be the first convener, share your contact information and decide on the first meeting data. Write out the information on the sheet provided. 

What is next?Monthly Emails and Blogs

#PhXXRoundtables:

SummitAction Initiatives - Research