(Toronto, 13 April 2010) – Canadian companies have the power to drive the world’s economic recovery by propelling women into leadership positions and investing in female entrepreneurs, according to Ernst & Young’s report, Scaling up: why women-owned businesses can recharge the global economy.
“Women own and operate up to one-third of all private companies around the world and are the fastest-growing segment of the small-business sector,” says Colleen McMorrow, National Director of the Ernst & Young Entrepreneur Of The Year Awards. “This is strong evidence that women are becoming increasingly instrumental in creating new jobs and jump-starting the economy.”
Scaling up brings together compelling research suggesting that investing in women entrepreneurs can play a pivotal role in accelerating economic recovery:
McMorrow says that Canada has made significant progress in narrowing the gender gap and efforts continue in support of women’s in equality in education, wages, political empowerment and economic participation. As the journey towards equality continues, there are many immediate opportunities for women to be supported and recognized for their entrepreneurial efforts and economic contributions.
Nominate a deserving candidate for the 17th annual Ernst & Young Entrepreneur Of The Year Awards, the world’s most prestigious business award for entrepreneurs. The firm is seeking nominations of driven, innovative candidates running successful businesses.
“Entrepreneurs set out to realize dreams and don’t stop until they reach their potential, or even beyond,” says McMorrow. “From being a beacon of hope during tough times, to guiding us on the road to prosperity, entrepreneurs make revolutionary and lasting changes in many aspects of our lives.”
There is no fee to nominate. Completed application forms must be received by April 30, 2010.
To be eligible for consideration, the nominee must be an owner/manager of a private or public organization who is primarily responsible for the company’s recent performance and an active member of top management. The nominee’s organization must be at least three years old.
This year’s national program sponsors are Global Television Network, National Post, La Presse and RDI.
For more information, FAQs and key dates — and to submit a nomination online — visit ey.com/ca/eoy.
For the full Scaling up report, visit ey.com/scalingup.
About Ernst & Young
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