SUPPORTING FEMALE ENTREPRENEURS AND WOMEN IN BUSINESS IS A WIN-WIN SITUATION!
AND WE’ll TELL YOU WHY.
Women in business are becoming more prevalent, but this has not always been the case. They have struggled for centuries with the stereotype of staying at home to cook, clean, and care for the family.
Women began to enter the workforce with a desire for greater equality and overall improved life satisfaction, and they have proven to be widely successful across a variety of industries.
As obviously seen, women play an important role in business and management. Women have not only excelled in business, education, and showcasing their talents; they have also helped to advance the business world.
Their ability to multitask has greatly increased their influence in the business world.
Female entrepreneurs have proven their ability to enter the business world with great multitasking ability. Women’s distinct abilities make them well-suited to running businesses and managing ventures.
Black women, for instance, are the fastest-growing segment of small business owners in the United States, but they continue to be underfunded. This is highlighted by the fact that black women entrepreneurs receive less than 0.5% of venture capital funding. This is undoubtedly insufficient to realize the dreams of aspiring female business owners. Grant funding and other financial support resources are the best way to bring this nightmare to a close.
Grant funding organizations have been setting aside some funding resources to support black female entrepreneurs.
Just to mention a few, THE AMBER GRANT FOR WOMEN, was founded by WomensNet in 1998 to honor the memory of 19-year-old Amber Wigdahl, who died before realizing her business dreams. They release funds in recognition of the diversity of businesses owned by women.
Another good example is THE POWER FORWARD SMALL BUSINESS GRANT. This program aims to empower Black-owned small businesses across New England. The program represents a total joint commitment of $1 million from Vistaprint and the Boston Celtics, which have teamed up with the NAACP to award $25,000 grants on a rolling basis.
Also, Check THE ACTION OPPORTUNITY FUND for more grant programs that are set aside to ease and relieve financial burdens among black women entrepreneurs in businesses.
I’d like to introduce you to The SoGal Foundation, an intriguing grant program for black women in business. It is specially designed to assist Black women in starting their own businesses.
SoGal Foundation has partnered with Winky Lux, bluemercury, twelveNYC, Twilio, Walmart.org’s Center for Racial Equity, and other sponsors to provide several $10,000 and $5,000 cash grants to Black women and non-binary entrepreneurs.
Black women are the fastest-growing demographic for entrepreneurship. These funders can solve some of the world’s most pressing problems by reinvesting in their communities and creating intergenerational wealth.
Lack of capital is a significant impediment for Black women entrepreneurs.
Eligible businesses must have a legally registered business, plan to seek investor financing, and have a scalable, high-impact solution.
Above all, being a black woman or a multiracial Black non-binary entrepreneur, ambitious enough to be the next billion-dollar company with scalable, high-impact solutions.
Deadline: This funding program is an ongoing opportunity that is on a rolling basis. Access this grant funding resource and get a chance to apply while the application deadline lasts.
Also, Addy and Mark has highlighted numerous available grants that you can use as a startup boost, growth and advancement for your business’s success. For that, you can sign up for an Addy & Mark Clever Doris Plan to gain complete access to the upcoming grant resources we’ve highlighted for you.
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Author: Sifuma, Editor: Strong, SEO: Navarro, Organizer: Paul-Ajayi
Disclaimer: This resource is for information purposes only. The company is not directly related to The Dope Million in anyway. Always check your resources’ original website for updated information.