The Women-Owned Small Business Federal Contract Program (WOSB Program) is to help provide a level playing field for women business owners. The federal government limits competition for certain contracts to businesses that participate in the WOSB Program.
In just two years since launching, One Million Black Women has deployed more than $2.1 billion in investment capital and over $23 million in philanthropic capital to 137 organizations, companies and projects across the country.
The collapse triggered a crisis for tech startups, which have relied on the Santa Clara-based bank for decades. Silicon Valley investors, executives, and lenders immediately began ringing alarm bells about a potential doomsday of mass layoffs and the demise of hundreds of startups.
The U.S. Small Business Administration (SBA) announced the launch of a new Historically Underutilized Business Zone (HUBZone) which shows that hundreds of firms in newly released designated underserved areas will become eligible to apply for HUBZone certification.
According to research done by the Harvard Business Review, Black women are the fastest-growing group of entrepreneurs in the United States. Despite this high startup rate, only three percent run mature businesses.