In general, women-owned firms contribute $3 trillion annually to the U.S. economy and account for 16% of all jobs. Recent research shows that all women entrepreneurs will create 5 to 5.5 million new jobs across the U.S. by 2018.
A new report from the California Community Foundation points to what some might find an unexpected driver of wealth in the Los Angeles region: entrepreneurial immigrants.
La Cocina’s mission is to transform talented home cooks into successful businesswomen by removing obstacles to entrepreneurship. Rooted in the Mission District of San Francisco, La Cocina provides commercial kitchen space and technical advice to help low-income, immigrant women start their own food businesses from square one.
Department of Homeland Security Secretary Janet Napolitano and U.S. Citizenship and Immigration Services Director Alejandro Mayorkas announced a series of policy initiatives designed to “fuel the nation’s economy and stimulate investment” by attracting foreign entrepreneurs who can invest in fields of high unemployment, create jobs, and form startup companies.