OPINION: WHY SUPPORTING BLACK WOMEN-OWNED BUSINESS IS SO IMPORTANT

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According to Forbes, more than 1,800 women of color create businesses every day but only 20% of those businesses make above the poverty level.

As a Black woman entrepreneur, I consider it my life’s work to not only highlight the stories of Black women-owned businesses but also help open doors to new sponsorship and funding that takes their companies to the next level.

When I think about my own journey, I often reflect on those long days of sitting in my corporate job wondering, “this truly can’t be it for me—there’s so much more to life than fulfilling someone else’s dreams.” It was in those moments of uncertainty that I was actually refining my purpose. And over time, I realized my true desire was to help other Black women succeed.

Survey By Groupon And The National Black Chamber Of Commerce Shows Strong Support For Black-owned Businesses
As founder and CEO of Boss Women Media, a company committed to empowering Black women entrepreneurs, corporate professionals, and changemakers, I anchored my mission in the truth that: when we fuel the holistic dreams of Black women, our society works better for everyone.

 

With that truth in mind, I made bold asks of experts and corporate partners. I told them about the ongoing impact of Black women on the economy and within communities all over the world. I pitched what many of us have come to know as Black Girl Magic. I am proud to share that Boss Women Media today reaches thousands of Black and brown women and allies with the tools, resources, and inspiration to win.

 

Boss Women Media is a manifestation of what happens when purpose, grit, and hard work collide. We are a company that is actively changing outcomes for thousands of Black women while providing the opportunity for them to dream big to grow revenue and scale their businesses into the future.

 

One way we are supporting women is through our premier event, the Black Girl Magic Summit—a two-day virtual experience that brings together a global audience of women from all over the world to learn from, celebrate, and support Black women.

 

For the second consecutive year, we are partnering with Capital One to provide $25,000, $15,000, and $10,000 grants to three women-owned small businesses through our pitch competition. As a financial institution, Capital One understands the hurdles that Black women-owned businesses face and knows mentorship is not enough. Black women need access to funds to help change outcomes and Capital One has been a committed partner, ready to support.

 

As part of the summit, we will also unpack topics like financial wellness, generational wealth building, entrepreneurship, and money management. Special guests this year include Valerie Jarrett, Yara Shahidi, Naturi Naughton, Ivy McGregor, and so many more. Viewers can tune into the summit live from the comfort of their homes through Amazon Live, Fire Stick, or if they’re a college student, we’re also holding HBCU watch parties at select schools.