In recent years, the concept of supporting small, locally-owned businesses has gained significant traction. However, there is another aspect of this movement that is equally important - supporting women-owned businesses. According to a report by American Express, women-owned businesses have increased by 58% since 2007, but they still face several challenges in terms of accessing capital, resources, and networks. Buying from these businesses not only helps support their economic growth but also empowers women and helps create a more equitable society.
Here are some reasons why buying from local, small women-owned businesses is important:
Economic growth: Women-owned businesses play a significant role in the economic growth of a region. According to a report by the National Women’s Business Council, women-owned businesses added over 2 million jobs to the U.S. economy in 2018 alone. When you buy from a local, women-owned business, you are supporting their growth and indirectly contributing to the economic development of your community.
Community development: Small, locally-owned businesses are often the backbone of a community. They provide unique products and services, which give character to the neighborhood. Buying from these businesses helps to support their continued existence and contributes to the vibrancy of the community.
Women empowerment: Women have historically faced significant obstacles in accessing capital and resources to start and grow their businesses. Supporting women-owned businesses is a way to empower women entrepreneurs and help them overcome these challenges. By buying from these businesses, you are helping to level the playing field and create a more equitable society.
Sustainability: Small, locally-owned businesses are more likely to prioritize sustainable practices such as using eco-friendly materials and sourcing locally. When you buy from these businesses, you are indirectly supporting these practices and helping to promote sustainability.
Personal touch: Women-owned businesses often have a personal touch that is hard to find in large corporations. These businesses are often run by the owners themselves, who take pride in their products and services. When you buy from them, you are supporting their passion and their vision.
Here below is a list of our favorite local-women-own businesses in Indy. Not from here? How about sharing some names in the comments below?
Avellar, LLC - yes! ;)
In conclusion, buying from small, locally-owned women-owned businesses is not only important for the economic growth of a community, but it also promotes women's empowerment and contributes to a more equitable society. As consumers, we have the power to make a difference in the world, and by choosing to support these businesses, we can create a positive impact on our communities and the world at large.