We’re on a mission to equip, educate, and empower black women business owners through connections to capital, coaching and capacity building resources.
The whole About My Sister’s Business network is working together to lift up our sisters.
Our Impact Since 2022
We’re proud of what we’ve been able to accomplish since our founding in 2020. In the past year, we’ve achieved the following results:
Small Business Owners Supported
Sister FoundHers in the Spotlight
Sister FoundHer Showcase Events
Sister Supporters in About My Sister’s Business Network
Sister Connected to Mentoring and Funding Through the Goldman Sachs 10K Small Business Program
A word from an Sister FoundHer Showcase attendee
An attendee at one of our Sister FoundHer Showcase events had the following to say about their evening celebrating black women in business:
“Congratulations, I hope you are still basking in the glow of your successful event! From the invitation, food box delivery, guest entrepreneurs to the way the two of you tag-teamed. It’s obvious that the two of you have the same vision. It’s also obvious that your styles are different yet so complementary.”Terrie Hudson, FoundHer Showcase Event Attendee
Black Women in Business by the Numbers
According to the Annual State of Women-Owned Businesses Report, the number of women-owned businesses grew 21% from 2014 to 2019 in the United States.
- Businesses owned by women of color grew an astounding 43%, and the number of African American women-owned businesses grew even faster at 50%.
- African American women-owned businesses represented the highest rate of growth for any group between 2014 and 2019, as well as between 2018 and 2019.
- African American women started 42% of new women-owned businesses, which is three times their share of the female population (14%).
- As of 2019, African American women-owned businesses numbered 2,681,200 or 21% of all women-owned businesses in the United States.
While there’s been a big jump in the number of black women-owned businesses in our country, there is a massive gap in revenue between businesses owned by African American women and other racial groups. African American women business owners see an earned average revenue of $24,000, compared to a $142,900 revenue among all women-owned businesses. The gap between the African American women-owned business average revenue and that of all women-owned businesses is the greatest of any minority.
Through our work at About My Sister’s Business, we’re helping black women business owners build capacity so that they can become sustainable, grow and compete in their space. Let’s work together to close that revenue gap!