This week the National Economic Council released a report on the impact of the recession on women and how the Obama administration’s economic policies benefit American women. Some of these policies include a tax credit for college for working families, expanded and increased student aid, and more manageable loan repayment so women can get the education they need to succeed. The report lays out the economic landscape facing women today and details some of the many ways the administration is committed to making sure the government is working for all Americans, especially American women.
The Commerce Department’s Economics and Statistics Administration (ESA) further explored the state of American women and Women-Owned Businesses in the 21st Century in a report issued earlier this month for the White House Council on Women and Girls. According to the report, women-owned businesses are steadily expanding and account for $1.2 trillion in economic output. Yet they continue to lag behind other companies in several key indicators.
To help reverse this trend, the Obama administration has invested in women’s education and expanded the capital available for women to start a business. The White House has already given out more than 12,000 Small Business Administration Recovery Act loans totaling more than $3 billion to women-owned small businesses.