Press Release: BLACK WOMEN ECONOMIC ADVOCATES, BLACK GREEK SORORITIES AND NATIONAL BLACK WOMEN SOCIO-ECONOMIC ORGANIZATIONS LAUNCH CAPITAL READY COALITION TO SUPPORT 10,000 CAPITAL READY BLACK WOMEN ENTREPRENEURS BY 2025

Media Contact:

Jeneé Porter

Social Media & Communications

Jenee@walkerslegacy.com

www.walkerslegacy.com

FOR IMMEDIATE RELEASE
November 16, 2022

BLACK WOMEN ECONOMIC ADVOCATES, BLACK GREEK SORORITIES AND NATIONAL BLACK WOMEN SOCIO-ECONOMIC ORGANIZATIONS LAUNCH CAPITAL READY COALITION TO SUPPORT 10,000 CAPITAL READY BLACK WOMEN ENTREPRENEURS BY 2025

The Capital Ready Coalition joins the forces of various women-led, impact-driven organizations to support 10,000 capital ready Black women by 2025 to address growing demand for capital needed by Black women-owned small businesses, the fastest-growing group of small businesses in the United States.

Washington, DCNovember 16, 2022—  Research from the Brookings Institute found that the average loan amount for minority-owned small businesses was about $9,300 and the non-minority average was more than twice this amount, at $20,500. 

To address this, national Black-women economic focused organizations including Walker’s Legacy, The Links, Inc., Black Women’s Agenda, Delta Sigma Theta Sorority, Inc., Alpha Kappa Alpha Sorority, Inc., Sigma Gamma Rho Sorority, Inc., National Coalition of 100 Black Women, and National Council of Negro Women, among others, have announced the launch of the Capital Ready Coaliton (CRC) to address the pervasive capital access challenges of Black women entrepreneurs.  

The Coalition’s strategy takes a comprehensive and collective approach to support Black women entrepreneurs by providing the critical elements needed to start, sustain, and scale a business. This includes culturally relevant and responsive business accelerators and curricula (intellectual capital), meaningful community connections and mentorship (social capital), coordinated delivery of services and resources (access capital) the ability to access, and secure financial capital (financial capital). The CRC also recognizes that access to capital also comes in the form of procurement and contracting opportunities for Black women entrepreneurs (contracting capital) supporting Black women entrepreneurs with unlocking billions in federal, state, and local capital.

Founding Coalition Member Organizations include:

  • Walker’s Legacy 
  • Alpha Kappa Alpha, Inc. 
  • Black Women’s Agenda
  • The Links, Inc 
  • Delta Sigma Theta, Inc. 
  • Sigma Gamma Rho, Inc. 
  • Zeta Phi Beta, Inc.
  • National Coalition of 100 Black Women 
  • Iota Phi Lambda Sorority, Inc.
  • National Council of Negro Women
  • Thurgood Marshall College Fund 
  • The Boss Network, Inc.  
  • Sistahs in Business, Inc. 
  • U.S. Chamber of Commerce
  • Atlas Strategy Group
  • Women Elevating Women

The CRC launched on Monday, November 14, 2022 with meetings held with key members of the Biden-Harris Administration and the announcement of an ambitious and attainable 10,000 Capital Ready Black Women Campaign to support capacity, connections, capital, and capabilities needs of Black women entrepreneurs.

For all media inquiries surrounding the Capital Ready Coalition, please contact Jeneé Porter at Jenee@walkerslegacy.com.


About Walker’s Legacy: Walker’s Legacy is a global platform for the professional and entrepreneurial Black and Brown woman. We exist to inspire, equip, and engage through thought-provoking content, educational programming, and a global community.

Photo Above: Capital Ready Coalition members pose with U.S. Department of Commerce  Undersecretary Donald Cravins Jr.,  Minority Business Development Agency after meeting to discuss challenges of Black women entrepreneurs.

Jeneé Porter

WALKER'S LEGACY IS A GROWING GLOBAL WOMEN IN BUSINESS COLLECTIVE FOUNDED TO ESTABLISH NETWORKS OF EMPOWERMENT AND ACCESS FOR WOMEN OF COLOR IN BUSINESS.

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