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HerMoney with Jean Chatsky, July 8, 2020

I want the conversation around supporting women of color as entrepreneurs and founders to become the mainstream conversation.

Most of us have a small business owner in our lives who has been impacted by COVID-19 — or you may even be an entrepreneur yourself, and the last few months have been incredibly challenging, if not devastating. And no one, it seems, has been impacted more than women of color, specifically Black and Latinx entrepreneurs. Black Americans have been disproportionately impacted by the pandemic in terms of both hospitalizations and deaths, and according to new data from social startup digitalundivided, 98% of Black and Latinx women entrepreneurs report that their business has been directly impacted by COVID-19. In fact, 82% report that they have experienced a loss of revenue, and just 12% had the ability to pay themselves a sustainable wage during this time.” 

– HERMONEY