ANNOUNCING THE CAPITAL READY COALITION
Equipping 10,000 Black women entrepreneurs to be capital-ready by 2025
The Capital Ready Coalition (CRC) brings together national women-led, impact-driven organizations with a mission to equip 10,000 Black women entrepreneurs to be capital-ready by 2025. Together, we’re addressing the growing demand for capital among Black women-owned small businesses, the fastest-growing demographic of business owners in the United States.
OUR FOUNDING
CRC launched on Monday, November 14, 2022, with meetings held with key members of the Biden-Harris Administration and the announcement of an ambitious and attainable 10,000 Capital Ready Black Women Campaign to support the capacity, connections, capital, and capabilities needs of Black women entrepreneurs.
Our strategy takes a comprehensive and collective approach to supporting Black women entrepreneurs by providing the critical elements needed to start, sustain, and scale a business.
Intellectual Capital
Culturally relevant and responsive business accelerators and curricula
Social Capital
Community, meaningful network connections, and mentorship
Access Capital
Coordinated delivery of services and resources
Financial Capital
Diverse funding sources
Contracting Capital
Procurement and contracting opportunities, including unlocking the billions of dollars in federal, state, and local government contract awards
Become a CRC Member Today
We’re currently accepting membership inquiries from companies, government agencies, national nonprofits, and higher education institutions. Let us know how you and your organization would like to support this vital work and we will be in touch.
THE DATA IS CLEAR
Why Black Women Entreprenuers?
Research from the Brookings Institute found that the average loan amount for minority-owned small businesses was about $9,300, compared to the non-minority average of $20,500, more than twice this amount.
To address this disparity, national Black-women economic-focused organizations have jointly announced CRC’s launch to holistically address the pervasive capital access challenges of Black women entrepreneurs.
Founding CRC Members
To address this disparity, national Black-women economic-focused organizations have jointly announced the launch of the Capital Ready Coalition (CRC) to holistically address the pervasive capital access challenges of Black women entrepreneurs.
