Redefining the landscape of government for women in technology
It’s no secret that women entrepreneurs are underrepresented in the business world. In fact, this problem is so well known that the Small Business Administration created a program to address it. The Women-Owned Small Business Federal Contracting Program requires agencies to award at least 5% of all federal contracting dollars to women-owned small businesses. But in the past sixteen years, this goal has only been met a handful of times.
This isn’t due to a lack of women entrepreneurs. In 2019, 42% of all businesses in the U.S. were women-owned. And this number seems to be growing. A LinkedIn study found that, during the pandemic, women-founded companies grew by 27%, while others grew by just 17%.
So, why do women continue to be underrepresented in business?
One of the main barriers that women entrepreneurs face — especially women of color — is lack of access to opportunities, capital, and support. This lack of support is especially critical in the government contracting space, which is highly complex and difficult to break into.
“I think that this community is incredibly important to the success of government missions,” Koroma said. “For women in the field, I believe that it’s really important to have role models / mentors with similar shared experiences.”
At Hutch, we also believe in the power of community as an agent of change. And while the government digital services industry has to do better for women and minority entrepreneurs in many ways, creating a community of support is one way we can combat these historical inequities. And this kind of diversification isn’t just good for women and minority-owned businesses; it’s also critical to the growth and success of the government digital services movement.
This blog was published independently of the U.S. Department of Defense. This release does not constitute or imply an endorsement by U.S. Department of Defense or the United States Government of the product, process, service, producer, or provider. The views and opinions expressed in any referenced document do not necessarily state or reflect those of the U.S. Department of Defense or the United States Government.