BLACK HISTORY MONTH Empowering One Million Black Women & Making an Impact!

Since launching in 2021, Goldman Sachs’ One Million Black Women initiative has helped thousands of women grow their businesses And with $1 billion of the $10 billion they’ve pledged already invested, they are already making a huge impact In fact, its 116 investments alone have helped almost 184,000 businesses secure capital to expand

In addition, Goldman Sachs plans on making a $10 s have the potential to create hundreds of jobs for t g entrepreneurs With 17% of Black women in the pro initiative is a fantastic opportunity for women to g succeed in its mission, Goldman Sachs has develo account the unique challenges Black women face

The Seven Pillars of Goldman Sachs’ initiative are:

Currently, Black women and white men have a 90% wealth gap between them. One Million Women is working to bridge that gap by investing in the success of Black female entrepreneurs.

Why This Is the Best Time to Start a Business

According to JP Morgan, Black women are the quickest-growing group of entrepreneurs in the United States And for them and other women who want to be entrepreneurs, now is the best time to start. With technology constantly advancing, starting a business is easier than ever before. Furthermore, businesses can now reach a much larger audience with the internet connecting us all. Before, companies had to rely on traditional marketing But now, businesses can leverage digital platforms like social media and search engine optimization (SEO) to reach potential customers who can benefit from what they offer In addition, there are new industries and opportunities that didn’t exist before For example, the online marketplace has opened many new avenues for entrepreneurs to sell their goods and services. With 61% of Black women and many other women self-funding their businesses, this is an excellent opportunity to create a successful venture with minimal capital.

Final Thoughts

Women have always been vital in driving economic growth and progress, but female entrepreneurship is more important now than ever before It is a time to close the inequality gap by taking action and empowering and healing the economic power divide Let's make the difference! We encourage Black women to explore unique business opportunities and take advantage of the available resources. With continued innovation and progress, the likes of Goldman Sachs can guarantee that all Black women are represented fairly in the business world by their bold stand in business and given the same opportunities as everyone else