Forbes magazine recently reported that “Black women represent 42% of new women-owned businesses—three times their share of the female population.”
While Black women make up a large majority of small business ownership, access to capital, skills development and training are not always equitable.
Western Union Foundation and the Black Advisory Council back SistahBiz
The Black Advisory Council and the Western Union Foundation have come together to give $85k to help fund the Sistahbiz Unstoppable Grant, which came at a critical time during the COVID-19 pandemic when small businesses were hit hard.
The Unstoppable Grant Fund seeks to address by providing financial support, technical assistance, and coaching for Black women entrepreneurs in the United States.
In 2021, 30 winners received a $2,500 grant, consulting sessions with a cash flow strategist, and a marketing session with a Sistahbiz coach.
Watch the video below to learn more about the new collaboration between Sistahbiz, the Black Advisory Council and the WU Foundation.
Together we choose to challenge the lack of equitable access to capital for women of color in the BIPOC community and seek to remove barriers and open new doors for opportunity and success.
Learn more about Sistahbiz and the businesses that were awarded these grants here.