Walker’s Legacy to assess challenges and opportunities faced by Black women entrepreneurs as part of research commissioned by the National Women’s Business Council and the U.S. Small Business Administration Office of Advocacy
Research and roundtable discussions to better understand the entrepreneurship experience of black women and to inform administration small business policy
Washington, DC — Walker’s Legacy, a national women-of-color in business collective, has been contracted by the National Women’s Business Council (NWBC) and the SBA Office of Advocacy to conduct research that aims to identify the unique opportunities of black women business owners and entrepreneurs, and assess the unique challenges and barriers they face.
Expert panel and research will be conducted in Washington, DC and New York, New York. These two cities were selected for high rates of black female entrepreneurship. There are 1,521,494 Black women-owned firms in the U.S., employing 316,977 workers and generating over $42 billion ($42,225,349,000) in revenues. Women own fully 58.9% of all African American-owned firms, employ 32.5% of the workers employed in African American-owned firms, and generate 28.1% of the revenues of these firms. For more on Black women-owned businesses, please see the Council’s *updated* fact sheet.
Leveraging academic research with experienced entrepreneurs, the goal of this project is to gather more qualitative research on this niche community of entrepreneurs, one of the fastest growing business segments in the nation. The panel discussions will center on the role of the black woman entrepreneurs and include data and information regarding this community. Roundtable discussions will include a curated list of questions on topics as they relate to the unique challenges, needs, and successes of black women entrepreneurs.
“One of the most remarkable entrepreneurial trends in recent years is the phenomenal growth among black women. The number of firms skyrocketed by 178% from 2002 to 2012. And employment and receipts are increasing too, but not nearly at the same rate. There’s a lot more to this story, and we’re excited to explore these important questions.”, stated Amanda Brown, Executive Director, National Women’s Business Council.
Programming will commence in March in Washington, DC, followed by New York City at a later date to be disclosed.
To learn more about this effort or to inquire about participation, please contact Jamila Taylor at firstname.lastname@example.org
About the National Women’s Business Council (NWBC):
The National Women’s Business Council (NWBC) is a non-partisan federal advisory council created to serve as an independent source of advice and counsel to the President, Congress, and the U.S. Small Business Administration on economic issues of importance to women business owners.
About the SBA Office of Advocacy:
The Office of Advocacy of the U.S. Small Business Administration examines the role and status of small business in the economy and independently represents the views of small business to federal agencies, Congress, and the President.
About Walker’s Legacy:
Walker’s Legacy is a global women in business collective founded in 2009 to inspire enterprising women of all ages to walk into their professional passion and purpose. Our organization is named in honor of Madam C. J. Walker, the first self-made female millionaire in US history.