Supporting female minority-owned businesses
This section of Lady ChangeMakers is dedicated to minority female business owners.
44% of women-owned businesses are minority-owned. While it’s exciting to see this many POC starting businesses the number is rooted in systemic racism.
The majority of these women state that they started a business do to work environments. Whether it was being overlooked for a raise or promotion, hostile environments or being overworked. These women saw starting their own business as their only way to move up.
See Available Resources for female minority business owners
How to support Black Women & The Black community
It is up to all of us to stand up and fight for injustice. Educate yourself and take action. Education is not enough. It is not enough to sit back unless action is taken. Below are several resources on how you can support the Black community and WOC business owners.
Would like to thank Sarah Sophie Flicker & Alyssa Klein for compiling this doc where many of the resources below were found.
Amplify voices of Black women
Below is a group of women to follow who are fighting every day to make change. Please learn from them and support them.
Follow & learn from these women
Building an intellectual legacy through teaching, storytelling & critical discourse.
Follow her and her projects on IG
Grants x Loans x Programs x Funding for Minority-Owned Businesses
MBDA is an agency of the U.S. Department of Commerce that promotes the growth of minority-owned businesses through the mobilization and advancement of public and private sector programs, policy, and research.
The foundation’s advisory board chooses the winners, looking for women with passion and a good story. Businesses operating in the U.S. and Canada are eligible.
8(a) Business Development program
If willing to put in the time and effort getting into this program can have a big payoffs for minority owned businesses.
Once accepted businesses would be awarded government contracts without the worry of competing bids. The government’s goal is to award at least 5% of all federal contracting dollars to small disadvantaged businesses each year.