Bill > ACR114

This resolution designates October 2025 as Women's Small Business Month, highlighting the significant economic contributions of women-owned businesses in the United States and California. The resolution draws attention to key statistics from the U.S. Small Business Administration, noting that as of 2022, there are approximately 13 million women-owned businesses employing over 10 million people and generating $1.9 trillion in revenue. It emphasizes that women-owned businesses represent 42 percent of all businesses, with women of color accounting for 50 percent of female business owners and being the fastest-growing demographic of new business owners. The resolution also acknowledges the historical challenges women entrepreneurs have faced, such as limited access to capital and business networks, and recognizes that women were not legally able to obtain business loans without a male cosigner until 1988. By designating October 2025 as Women's Small Business Month, the resolution aims to encourage citizens to recognize and celebrate the economic importance of women's small businesses in California, commemorating the signing of the Women's Business Ownership Act on October 25, 1988.

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260ACR114