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As numerous outlets have reported, the pandemic is taking a devastating toll on women, with many women carrying a disproportionate amount of caregiving responsibilities. The personal impact of this change is significant and, as Jean Case recently wrote in Inc., there is also an economic imperative to keeping women in the workforce.
In a new research report, the Kauffman Foundation notes that “even entrepreneurship, an economic activity that can potentially offer more autonomy and flexibility, is made more difficult for mothers by child care challenges and barriers to entrepreneurship for women more broadly.”
Additionally, the report found that:
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Among entrepreneur mothers, 1 in 4 reported being the sole provider in their household before the pandemic.
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Twenty-seven percent of Black entrepreneur mothers reported being sole providers, compared to 19% of Hispanic entrepreneur mothers and 23% of white entrepreneur mothers.
This data reminds us how critical it is for women, especially women of color, to get the support and resources they need to remain in entrepreneurship and the workforce at large. |
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| As we celebrate Black History Month, and as an organization committed to inclusive entrepreneurship, we celebrate Black innovators across America who inspire us, like Madam CJ Walker, a businesswoman, philanthropist and social activist who worked to empower others. |
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| INCLUSIVE ENTREPRENEURSHIP |
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| “Black Women Best” |
| Anna Gifty Opoku-Agyeman’s op-ed in Teen Vogue argues that prioritizing the economic well-being of Black women would create a fairer system for everyone. |
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| The State of Black Entrepreneurship |
| For(bes) The Culture is set to explore the state of Black entrepreneurship in a year-long interactive project. They’re also advocating to move the Black History Month observance to June—a time when Black businesses can better capitalize. |
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| The Numbers Don’t Tell the Whole Story |
| Angela Garbes writes in The Cut that even the dire unemployment statistics for women, especially women of color, can’t capture the nuance of what working women have lost during the pandemic. |
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