October 30, 2013, 5:19 am -- /EPR NETWORK/ -- Herrington Global announced a strategic private program to foster economic growth and job creation by matching qualified alumnae of Herrington's Global 10,000 Women program.
Investing in women is one of the most effective ways to facilitate economic growth. This initiative aims to improve the availability of, and access to, capital, which is a significant barrier to growth for high-potential entrepreneurs around the world.
Mr. Alfred T. Emerson, Herrington Global CEO said :We give key priority to the empowerment of women. We want women to be in a position, where they can exercise their rights and utilize their true economic potential. Gender equality is smart economics. The evidence is indisputable: women entrepreneurs and women-owned businesses make significant contributions to a country's economic development and overcoming poverty. Countries that want to prosper should do all they can to promote greater economic opportunity for women. Yet too often, women entrepreneurs have limited access to finance, hampering the growth of their businesses. Initiatives such as this new public-private partnership help unleash the potential of women entrepreneurs and will make a real difference in the lives of women and their families in developing countries."
Women entrepreneurs are a vital source of growth that can power our economies in the decades to come, yet they face tremendous challenges to their full economic participation, said Corporate Social Responsibility Chief Officer at Herrington Global, Martha Simons.
Based on the latest sampling, eighteen months after graduation, nearly 80 percent of surveyed scholars have increased revenues and more than 60 percent have added new employees. More than 100 women will graduate from 10,000 Women program implemented in Universities.
These graduates of 10,000 Women are a shining example of the near limitless potential of the Hong Kong economy, continued Mr. Emerson. Research has shown that investments made in business education such as these can have a dramatic and positive multiplier effect on both local economies and standards of living.
Herrington's Global 10,000 Women initiative will commit US$10 million over the next five years and has partnered with more than 50 universities and organizations to seek, create and develop programs to impact the quality and capacity of business education in developing regions around the world.
Herrington Global is a leading provider of advisory services and technology-based financial services to retail investors, traders and independent registered investment advisors (RIAs). We provide our services predominantly through the Internet, international partnerships networks and relationships with RIAs. We believe that our services appeal to a broad market of independent, value-conscious retail investors, traders, financial planners and institutions.
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