Women are founding businesses at unprecedented rates – 2.5 times the national average according to the National Women’s Business Council. Still, women-owned businesses have a lot of ground to make up in order to gain an equal footing with their peers. Although women-owned businesses made up 36 percent of the country’s businesses in 2012, they accounted for just four percent of revenues and seven percent of private sector employment. A 2013 report issued by the Small Business Administration found that the major constraint limiting the growth of small businesses, especially women and minority-owned businesses, is inadequate access to financing.
Source: Womenable State of Women-Owned Businesses Report commissioned by American Express OPEN
In the U.S., firms with $500,000 or more in revenues represent just 9 percent of all businesses but contribute 91 percent of all private sector employment and 96 percent of all business revenue in the nation’s economy. Among women-owned …
Seventeen business owners from across the country convened in New York City on Thursday to graduate from this year’s Fast Track program. Fast Track is made possible by Accion’s partnership with Capital One and the Blackstone Charitable Foundation and provides a select group of 26 Accion clients with intensive business training, coaching and mentoring to accelerate their business growth. The curriculum included a two-day in-person intensive training session at the beginning of the program, 20 virtual coaching sessions provided by People Biz, Inc. and mentorship pairing through BusinessAdvising.org. The culminating event of the Fast Track program brought participants together with the broader Accion community to share learnings and hear from experts such as the event’s keynote speaker, urban revitalization strategy consultant Majora Carter.
Fast Track participants represent a range of industries and include a female owned and operated Denver construction company, a New York gin distilling company, …
The Sam’s Club Giving Program was highlighted in Walmart and the Walmart Foundation’s 2015 annual Giving Report. In Fiscal Year 2015, Walmart and the Walmart Foundation awarded more than $1.4 billion in cash and in-kind donations, along with over one million hours of volunteer time by its associates. The Sam’s Club Giving Program and the Walmart Foundation are committed to increasing access to capital and training for small businesses. Accion is a proud partner of Sam’s Club’s impact-driven mission to foster small business development.
Established in 2008, the Sam’s Club Giving Program has provided over $18 million in grants to nonprofits in support of small business. Looking to continue the mission of equipping entrepreneurs with the resources they need, the Sam’s Club Giving Program recently made a five-year commitment to:
Accion and Opportunity Fund, two of the nation’s leading microlenders, have launched a first-of-its-kind study to discover just how large of an impact a microloan (on average, $10,000) has on small businesses across America. Microlending in the United States is not new; however, this will be the first national, longitudinal, qualitative study that focuses on economic well-being outcomes for individuals and their households, small businesses, and underserved communities in the U.S.
Leadership funding for this evaluation study has been provided by the W.K. Kellogg Foundation, with significant additional grant funding from JPMorgan Chase & Co.
“Increasing a family’s financial stability is critical for the optimal development of children,” says Loren S. Harris, director of family economic security at the W.K. Kellogg Foundation. “Assuring parents have access to capital to become small business owners is a crucial step toward economic security. We look forward to learning more from this study about …