Creative Business Resources for BIPOC & LGBTQ+ Businesses

For too long BIPOC and LGBTQ+ workers have been enduring workplace toxicity. The Great Resignation marks a turning point of workers leaving exploitative and abusive jobs for healthier workplaces. Included here are several creative business resources for minority businesses.

64% of businesses established in 2022 were founded by Women of Color (Shephard, 2023) who “generate $1 trillion as consumers and $361 billion in revenue as entrepreneurs, launching companies at four times the rate of all woman-owned businesses.” (Purushothaman, 2022, p. xv).

Black women own one third of the 12 million women-owned businesses in the US (Fleming, 2022) and Latina-owned businesses grew 87% in a 5-year period (Shephard, 2023).

If you’re fed up with workplace discrimination and want to start a business on your own terms, but don’t have the resources, connections, or training to become an entrepreneur, check out these Accelerator Programs to help you get started!

Women of Color Entrepreneurs is a great place to start for seed money, mentorship, peer support, and access to customers, lenders, and investors. https://www.woce.us/

EforAll is a nonprofit company that offers accelerator programs and other support for entrepreneurs by “turning dreams into businesses.” https://eforall.org/

Center for Women and Enterprise supports women entrepreneurs launch and grow their businesses for success. https://www.cweonline.org/

References

Fleming, LaKeisha. (2022, June 30). Black women are the country’s leading entrepreneurs.

Best Colleges. https://www.bestcolleges.com/careers/black-women-entrepreneurs-

on-the-rise/

Purushothaman, D. (2022). The first, the few, the only: How women of color can redefine

power in corporate America. HarperCollins.

Shephard, Maddie. (2023, January 23). Women-owned businesses: Statistics and overview.

Fundera.https://www.fundera.com/resources/women-owned-business-statistics