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What's New at the Michigan Women's Commission

• Women Owned Businesses: Thriving But Hampered This week the National Women's Business Council (NWBC), released newly analyzed data demonstrating that although women-owned businesses are doing well, they tend to struggle with some of the key obstacles in growing their businesses. Some of those struggles are within the basics of business development - business performance, revenue distribution and industry participation. One of the glaring challenges in the data shows that while it is clear that women are the fastest growing segment of entrepreneurs, challenges persist in growing in size (revenues) and gaining market share to compete equally with their male counterparts. In fact, this data shows that women-owned businesses tend to be overly-present in low-income industries and disproportionately absent in high-income industries. For more information, and a great infographic, click on "more".

• Planning for Retirement Did you know that some retirement experts suggest that women plan for retirement financing to last until they are 100 years old? Are you ready? The U.S. Dept. of Labor has issued a toolkit to help workers identify key issues related to retirement planning and decisions related to employment-based plans, Social Security and Medicare. The toolkit includes a timeline illustrating key decisions to be made about retirement benefits, Social Security and Medicare; general guidance; and a list of publications and interactive tools to assist with planning. "Decisions about retirement are highly personal and depend on a number of circumstances," said acting Commissioner of Social Security Carolyn W. Colvin. "The retirement toolkit is a valuable source of information for people of all ages - it is never too early to start planning." For the toolkit, click "more"



Michigan Women
Michigan Women's Commission, 3054 W. Grand Blvd., Ste. 3-600, Detroit MI 48202, 313-456-4702 MDCR-WomensComm@michigan.gov Meetings: August 5, 2013, 2 p.m., Saugatuck Center for the Arts, Saugatuck and October 21, 2013, 2 p.m. (TBD). The Michigan Women's Commission (MWC) was statutorily created in 1968 with the mission of improving the lives of Michigan women. Throughout its 44 year history, the MWC has worked on many ...


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