FOR IMMEDIATE RELEASE
August 5, 2020
Walker’s Legacy Receives Black-Owned Business Grant From WeWork
Walker’s Legacy among grant recipients of $2 million initiative by WeWork in support of Black-owned small businesses.
Washington, DC—August 5, 2020—Walker’s Legacy, the largest digital platform for multicultural women in business, is proud to announce that it has been chosen amongst the 200 recipients of WeWork’s Black-owned business grant program in which they have committed $2 million in funding to Black-owned small businesses across the country.
Black women across the United States are starting businesses at six times the national average. Black women also have higher shares of business ownership than Black men. Despite this, black-owned-women firms struggle with growth, regardless of their income status, capitalization, and hiring needed to scale and expand.
“Walker’s Legacy is honored to be recognized by WeWork, as a part of this generous effort to support minority business owners during this challenging time,” said Natalie Madeira Cofield, Founder & CEO of Walker’s Legacy.
WeWork developed their Black-owned business grant program in an effort to support Black businesses as they cope with both COVID-19 as well as the everyday obstacles that Black people face within the corporate and business industry. Recipients of this WeWork grant receive $10,000 in direct funding towards their business, resources from WeWork labs, and support for an Opportunity Fund pitch.
“On top of a history of systematic injustice, COVID-19 continues to ravage, and members of the Black community are suffering disproportionately. Black lives matter, and deserve the opportunity to not just live, but to thrive” said WeWork.