Supporting Black Women Entrepreneurs at Progress Center

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Here are a couple of reasons why the work we do supporting Black entrepreneurs at the Progress Center for Black Women is so important, necessary and essential to the growth of our economy, empowering Black families and setting up the future generation for success: Systemic barriers like lack of access to capital, fewer resources, and industries with lower profit margins make it harder for Black women to grow and thrive in business. At the same time, Black women are leaving and/or currently being pushed out of the workforce in record numbers — turning to entrepreneurship as a way to create independence, stability, and generational wealth. By providing community, resources, and support, we’re helping Black women entrepreneurs not only start, but sustain and scale their businesses — building pathways for continued impact, visibility, and economic transformation. 🚀 The facts: 🌟 17% of Black women are starting/running businesses (more than white women + men) 🌟 Only 3% sustain mature businesses 🌟 61% self-fund startups while facing higher loan rejection rates 🌟 Many start in industries with low margins + tough competition Because when Black women entrepreneurs thrive, families are strengthened, communities grow, and the entire economy rises. 💜 Check out these articles from Essence and Harvard Business Review for more information: https://lnkd.in/gYxuDkPN and https://lnkd.in/g3pKsCsT

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