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Are women-owned businesses on the rise in Vermont? - WCAX.COM Local Vermont News, Weather and Sports-

Are women-owned businesses on the rise in Vermont?

Burlington, Vermont – May 3, 2011

According to the U.S. Labor Department in Vermont there are about 19,000 businesses owned by women, and they generate $1.5 billion in revenue. The Women Business Owners Network would like to see those numbers grow.

Kate Paine is the executive director of the Women Business Owners Network. Dawn Lancaster and her husband own Carved Solutions, a company that makes custom carved soaps and candles. Paine and Lancaster both appeared on The :30 to discuss women-owned businesses.

The Center for Women's Business Research said that women start businesses at twice the rate of men but fail at a much higher rate.

Paine said she felt perhaps women tended to perhaps undervalue their services or products related to their male business counterparts in similar businesses.  

"I think where women need to go forward is to go on that assertion and really go after that and realize that what they do, whether it's a service or a product-oriented business, has value," urged Paine.

For more, watch the video from The :30

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