
Entrepreneurship
Over the last 20 years in Utah, women-owned businesses have grown by 77% and Utah is ranked 6th in the nation in economic clout for women-owned businesses. Yet, research shows that 42% of all businesses are women-owned nationally, while in Utah only 16% are women-owned. Utah also ranks 41st in the “Entrepreneurship-rate disparity” category on Wallethub’s Best & Worst States for Women’s Equality (includes companies with more than one employee). The greatest barriers to women’s entrepreneurship are fair access to capital, access to mentors, access to affordable childcare, and lack of awareness of business training and resources. To support the potential economic trajectory of women-owned businesses, changes are needed in business practices and attitudes. If women owned half of Utah’s businesses, the state economy would grow by 25,000 new businesses, $27 billion in additional revenue, and 162,000 new jobs.
A Bolder Way Forward’s Entrepreneurship Spoke is working with the Women's Business Center of Utah and other partners statewide to help more girls and women achieve success as they experience the aspirations and options to own and operate businesses, including equitable access to capital, mentors, and business training and resources. Learn more about how Utah can eliminate the barriers to entrepreneurship for women by viewing the resources below. Individuals, organizations, and communities can also take specific actions to help. To get engaged, email the UWLP Community Connector (Amy Anderson).
Key Resources
Bold Goals
Through collective impact and systems thinking, Utah can improve things by working towards the following goals:
- Increase the number of Utah women-owned businesses. [Metric Dashboard]
- Increase the total annual revenue of Utah women-owned non-employer businesses. [Metric Dashboard]
- Increase the percentage of employer businesses of total women-owned businesses. [Metric Dashboard]
- Reduce Utah’s entrepreneurship-rate disparity between men and women. [Metric Dashboard]
- Increase Utah women’s agreement (understanding and perceptions) in the following areas: [Metric Dashboard]
- If I had the opportunity and resources, I would like to start a business.
- If I started a business, my family and friends would approve/support of my decision.
- If I started a business, it would grow to be big enough to employ others.
- If I were to start a business, I would know how/where to access resources and support.
Seth Jenson (Director, UVU Entrepreneurship Institute)
Kelsey White (Consultant, Kelsey White Research)
Angela Brown (Executive Director, Craft Lake City)
What You Can Do
Share Utah resources with women you know who are considering starting a business or interested in growing their existing business, such as Startup State, Women’s Business Center of Utah, and this resource kit.
Get girls and young women excited about the opportunities they could have to start their own businesses. Share resources that will help them prepare.
Encourage elementary, middle, and high school teachers to invite women business owners to speak to students about their experiences. Find women business owners here.
Community Partners
The Women’s Business Center of Utah helps women start, grow, and lead successful businesses. They offer advising, trainings, tools, and community to help Utah women build confidence, create opportunities, and achieve business ownership.
WBEC-West is dedicated to helping women entrepreneurs navigate the certification process. and realize their business potential. They help build connections with enterprise networking and development opportunities.
Westminster's Center for Financial Wellness improves outcomes for start-ups and entrepreneurs needing resources to overcome cultural and economic barriers to success. This includes special focus on low-income, minority, female-led, underrepresented groups.
The VRBC's mission is to counsel, advise, mentor, and support Utah military-connected individuals as they start and build or grow their businesses. Services include advising, startup training, and registry of veteran-owned businesses.
Craft Lake City is a charitable organization with a mission to educate, promote and inspire local artisans while elevating the creative culture of the Utah arts community. They elevate Utah’s creative community through year-round programming, initiatives and seasonal events.
The Mama Ladder connects women at the intersection of mamahood and entrepreneurship through their community of "mamapreneurs". In addition, they offer customized business training to help women grow profitable businesses.
The Utah Microloan Fund aims to strengthen communities throughout Utah by providing business education and microloans to entrepreneurs in start-up and existing businesses that do not qualify for traditional funding sources.
The Salt Lake chapter of the eWomenNetwork delivers the coaching, mentorship, visibility, and community women entrepreneurs need to accelerate success. They host In-Person and Online networking events.
RevRoad offers visionary strategy on growth and funding coupled with in-the-trenches sweat equity in software, marketing, and business development for start-ups in Utah.




















