Why Black Women & Business?
Recent growth in the rate of business ownership by black women has been faster than any other group in the nation. From 2002-121, the number of businesses owned by black women increased 179 percent compared with 52 percent for all women-owned businesses and 20 percent for all businesses
However, many black women who own businesses have difficulty accessing credit and face capital constraints, according to the Federal Reserve System’s 2016 Small Business Credit Survey.
What Can We Do?
Based on field research conducted by the Federal Reserve of Kansas City, they list thes recommendations:
expanded research on black women who own businesses
improved diversity, inclusion and retention in local workplaces
creation of better access and more diverse funding sources accessible to black women business owners
the development of local, culturally relevant business education and training programs for black women.
What is IBBG Business?
IBBG Business was launched to help support Black women and girl business owners by addressing the gaps above. Our goals are to:
create space for business leaders and owners to connect
connect business owners with capital
provide access to technical support
Business Forum & Pitch Event
On November 1, 2019, IBBG will be hosting our first business forum and pitch event thanks to our partners Bank of the West. Click the link below to learn more and register.