COVID Downturn Hit Women Owned Business More.

What is happening? A working paper from academics in France, Los Angeles, Canada and the Brookings Institute shows that women owned business were more adversely impacted by the pandemic with losses of more than 3% and closing for 17% longer.

Why is this important? Researchers say that containment policies skewed and increased women’s family responsibilities more than they did for men.

How will this be important? Takeaway for policy makers is to aim to improve economic recovery with special attention to the needs of women enterprises

Route Fifty | Women-owned Businesses More Adversely Impacted By Pandemic