East Passyunk Avenue in South Philadelphia, Pennsylvania is a place where women are making their mark in the business world. The East Passyunk Avenue Business Improvement District (EPABID) is a thriving center for business and culture in South Philly, with an impressive milestone to share – it has now reached the point where 50% of its businesses are owned and operated by women.
With over 160 independently-owned businesses, including a diverse array of more than 50 eateries, EPABID stretches for a mile and is perfect for walking and exploring. Whether you’re seeking world-renowned cheesesteaks, boutique shopping, or handmade artisan goods, you’ll find a wealth of unique shopping and dining options.
What’s more, the even split of women-owned businesses is a definite advantage, and this figure has risen by approximately 5% in just the last year.
Here are some ideas that can be borrowed:
1. Encouraging Women-Owned Businesses: The East Passyunk Avenue Business Improvement District in South Philadelphia has set an example by promoting women-owned businesses. This can be helpful to other countries to emphasise the importance of gender equality and women’s empowerment in the business world. By encouraging women-owned businesses, countries can help boost their economies and create jobs for women. For example, in Rwanda, the government has implemented policies that promote gender equality, resulting in a higher proportion of women entrepreneurs in the country. (source: “Rwanda’s Women-Led Small Businesses Show the Value of Gender Equality”, Forbes)
2. Developing Business Hubs: The EPABID is a thriving center for business and culture in South Philly, with over 160 independently-owned businesses. Developing business hubs like this can be helpful to other countries to create economic opportunities and drive growth. For example, in India, the government has created Special Economic Zones (SEZs) to attract foreign investment and promote exports, resulting in the growth of industries and job creation in those areas. (source: “Special Economic Zones and Growth in India: Lessons and Challenges”, World Bank)
3. Promoting Tourism: The unique shopping and dining options in East Passyunk Avenue have made it a popular tourist destination. Promoting tourism can be helpful to other countries to attract visitors and generate revenue. For example, in Thailand, the government has implemented policies to promote tourism, resulting in a significant increase in the number of visitors and revenue generated from the industry. (source: “Tourism in Thailand: Challenges and Opportunities”, Journal of Policy Research in Tourism, Leisure and Events)
Overall, by borrowing these ideas, other countries can learn from the success of East Passyunk Avenue and implement policies that promote gender equality, develop business hubs, and promote tourism to create economic opportunities and drive growth.