Women have played a crucial role in shaping the American history.
However, it took a while for Americans to realize that apart from honing their home making skills American women also have the potential to run successful businesses.
As a result, there are several instances of successful female entrepreneurs who have risen at a swift pace and proven that the American woman can competently run businesses with passion and dedication.
While the progress made by American women entrepreneurs is a classic example of how creativity and innovation can be used to succeed in business, it is also important to note that female entrepreneurs have benefited from the enormous opportunities that exist in the American economy.
Owing to the economic slowdown and global financial crisis female entrepreneurs in the United States of America have also faced a difficult situation in recent times.
Profit margins have come down and opportunities have shrunk to a considerable extent, prompting the Obama administration to undertake policies that can help women to carry on with their business plans.
This has led to the introduction of a special grant for women that is aimed at ensuring economic and financial independence.
As per this new grant the government has earmarked funds worth billions of dollars that can be used for setting up a new business or expanding base.
The best part about this financial grant offered by the US government is that the funds taken for business purposes are not required to be repaid ever, making it easier for female entrepreneurs to achieve their goals.
Furthermore, the entire application procedure is designed to be simple.
Requests can be processed online and there are no criterions or terms that you have to meet to avail these funds.
You can also make multiple requests and all that you need is proof of your American nationality and proof confirming that you are above 18 years.
This new scheme is expected to help the American economy get back on track.