Why we started this program:
The disparity between minority and non-minority women is increasing. In 2019, minority-owned businesses averaged $65,800 in revenue, compared to non-minority Women-owned businesses which averaged $218,800. The disparity has an enormous effect on the U.S. economy. Four million new jobs and $981 billion in revenue would be added if the average revenue of minority women-owned firms matched that of white women-owned businesses.
Black women-owned businesses made up the highest rate of growth after non-minority women. However, the number of new job creation and revenue was the lowest amount of all women-owned businesses. In 2019, the average revenue for Black women-owned businesses was $24,000.
With increasing awareness of the unique challenges Black women face with being an entrepreneur, BWEL was created with the goal of providing entrepreneurial leadership education, coaching, a global network, a resource business guide, and a peer community.