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Black Women Shaping Our Future


Surging Entrepreneurship, Stubborn Challenges: Despite representing only 11.4% of the U.S. population, Black women are starting businesses at a faster pace than other groups. In 2021, 17% of Black women were either founding or running new companies. Yet they still face significant challenges in scaling these businesses, often struggling to secure the capital and resources needed to grow​ (Essence)​. Self-Funding and Debt: Due to decades of racial discrimination and biased lending practices, 61% of Black women entrepreneurs fund their own businesses, frequently accumulating high levels of personal debt in the process. They often lack access to vital financial resources compared to their white male counterparts​ (Insights@Questrom)​. Limited Access to Financial Capital: Black women founders receive significantly less venture capital funding and bank financing than others, making it difficult to build businesses at scale. This restricts their potential for profitability and job creation. These obstacles remain even as their businesses contribute to economic development and community vibrancy​ (Essence)​​ (Insights@Questrom)​. Growth in Employer Businesses: From 2017 to 2020, the number of employer businesses owned by Black women surged to over 52,000, accounting for 37.2% of all Black-owned businesses. This increase demonstrates the determination and resilience of Black women founders despite systemic barriers​ (Insights@Questrom)​. These statistics show the urgent need for initiatives like Sisterhood Sit-In to support, celebrate, and empower Black women entrepreneurs. It's crucial to not only buy from these sisters but also check in on them and send them some love. We need to build stronger support networks that offer mentorship, funding opportunities, and recognition for the invaluable contributions Black women are making to their communities and the broader economy.


D - Determined: Black women are determined and resilient, overcoming obstacles and breaking barriers with unwavering strength and resolve. Their determination lights the path for others to follow, showing that anything is possible with perseverance and grit.

A - Aspiring: Black women are dreamers and visionaries, constantly aspiring to create a better world. They set high goals and work tirelessly to achieve them, inspiring others to reach for their own dreams and aspirations.

W - Wise: Black women carry a deep well of wisdom, passed down through generations. Their experiences, insights, and knowledge shape their actions and decisions, guiding their communities with profound understanding and foresight.

N - Nurturing: Black women are the nurturers of their communities, offering love, support, and care. Their nurturing spirit fosters growth, healing, and unity, creating environments where everyone can thrive and flourish.

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