3 Organizations Providing Access To The Social and Financial Capital Needed For Black-Women-Owned Businesses

Black women are driving America’s entrepreneurship boom—starting six times more businesses than average and creating 1.4 million jobs, according to the Center for American Progress.

Latina women are also making a significant contribution, with 944,000 firms and $65.5 billion in annual receipts. This increase in entrepreneurship indicates that women are seeking alternatives to the traditional workforce for establishing economic self-sufficiency, pursuing business ownership as a wealth-building tool instead.

But even though Black women are starting businesses at a rapid rate, their businesses earn less revenue, remain smaller, and have a higher failure rate.

Access to capital is still a significant obstacle, preventing women-owned businesses from leveraging valuable opportunities, or in some cases, from even getting off the ground.

In the meantime, women themselves are stepping up to the challenge.


Leave a Reply

Your email address will not be published. Required fields are marked *