NewsSurvey Reveals Black Women Seek Wealth In Entrepreneurship

Survey Reveals Black Women Seek Wealth In Entrepreneurship

The survey found that Black women believe the federal government’s role is crucial in advancing entrepreneurship opportunities.

A new survey by Goldman Sachs’ One Million Black Women (OMBW) initiative, unveiled on May 16, has shed light on the entrepreneurial aspirations of Black women across America.

Survey results projected that 54% of Black women who do not currently own businesses have contemplated launching their own enterprises. Notably, 77% expressed that increased accessibility to business loans, grants, lines of credit, or seed funding would render them more inclined to embark on entrepreneurial journeys. Furthermore, 71% indicated that a streamlined process for obtaining business licenses or permits would serve as a catalyst for their entrepreneurial pursuits.

“Black women are starting businesses faster than any other demographic in our country. But these job creators need the know-how and resources to grow and scale,” Goldman Sachs’ Global Head of Corporate Engagement, Asahi Pompey, said. “’OMBW: Black in Business’ is part of the solution, but we also need policy solutions that will further invest in the economic power of Black women entrepreneurs.”

Ayesha Curry, CEO of Sweet July and a member of the OMBW Advisory Council, said she’s committed to her collaboration with “One Million Black Women” as it advocates for policy solutions. “When Black women are economically empowered, the positive ripple effects reverberate throughout their communities,” Curry said.

Source: Black Enterprise

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