TEN WOMEN ENTREPRENEURS FROM SOUTHWEST AWARDED MONEY, MENTORING, AND MARKETING TO HELP BUILD MILLION-DOLLAR ENTERPRISES New Mexico Lieutenant Governor and Former Business Owner Diane Denish Joins Influential List of Leaders Supporting the Make Mine a Million $ Business(TM) Movement ALBUQUERQUE, October 28, 2008 -- The Make Mine a Million $ Business program, a national movement inspiring women to grow their businesses, co-founded by Count Me In for Women's Economic Independence and American Express OPEN(SM), made its first-ever visit to New Mexico on September 18, 2008. Ten successful women entrepreneurs received a powerful boost for their businesses when they were presented with Make Mine a Million $ Business awards including money, marketing, mentoring and technology assistance. Keynote speaker Lt. Governor Diane Denish, a former entrepreneur, praised the program and celebrated women entrepreneurs for creating jobs and building thriving businesses while taking care of their families and supporting their community. Denish captivated the audience with a story from her entrepreneurial past – as recently as 1991 her bank required that her husband co-sign a loan for her business even though her financials met all loan criteria. She declined the loan, grew her business with personal funds, and went on to be part of an administration in New Mexico that has prioritized the needs of small businesses. Less than 3% of women-owned businesses break the million-dollar threshold in annual revenues; the Make Mine a Million $ Business program, launched in 2005, is the only program to meet this challenge head on. The movement's ultimate goal is to inspire one million women business owners to reach $1 million dollars in revenue. "Make Mine a Million $ Business provides women entrepreneurs with business education and tools, as well as vital networking and support from a community of like-minded women who are coming together to grow," said Nell Merlino, founder and president of Count Me In. "Our community of Make Mine a Million $ Business awardees employ 200,000 people across the country in communities small and large through businesses of every shape and size. They are the economic stimulus package this country needs." The all-day business event at the Wool Warehouse in Albuquerque featured 20 female entrepreneurs selected from a pool of several hundred applicants from New Mexico, Arizona, Colorado, and California. The event culminated with the announcement of the program's 10 newest members to its growing class of awardees. Each awardee was selected based on a three-minute "elevator pitch" presented to a live audience and a panel of judges. "Our New Mexico awardees are pioneers who represent the promise and potential of women entrepreneurs across America," said Sarika Sangwan, Manager of Advocacy Marketing at American Express OPEN. "When we reach our goal of helping one million women build million-dollar businesses, New Mexico will gain $6.8 billion in additional economic activity and add 50,000 new jobs."* New Mexico Awardees: The following 10 women were selected based on their ability to build a $1 million business within two years and join a growing class of 150 Make Mine a Million $ Business awardees.
Awardees received:
Upcoming Make Mine a Million $ Business Events:
To apply or join the Make Mine a Million $ Business community, please visit: www.makemineamillion.org. About Count Me In About American Express OPEN(SM) American Express Company www.americanexpress.com is a leading global payments, network and travel company founded in 1850. * Data source: US Census Bureau. Economic Census, Survey of Business Owners: Women-Owned Firms, 2002. Published January 2006. (SB02-00CS-WMN). State-level impact estimates prepared by Julie Weeks, President and CEO of Womenable, www.womenable.com. The state level impact of having 1 million women-owned firms at $1M in revenues nationally are calculated using the national-level rates of a 412.7% increase in the number of $1M firms, at exactly $1M in revenue for those firms, with an average of 6.82 employees per firm. Net level impact calculations subtract estimated pre-existing employment. Contacts: Rosa Alfonso 212.640.1712 Rosa.M.Alfonso@aexp.com |