Stacy’s Rise Project Expands Commitment to Female Founders; Partners with Hello Alice to Fund $150,000 in Grants to Black Women Business Owners
PLANO, Texas, Sept. 22, 2020 /PRNewswire/ — Earlier this year, the Stacy’s Rise Project expanded its annual grant and mentorship program to support more women with more services than ever before – but the continued disparity among Black female business founders persists, with women of color receiving only 0.2 percent of venture capitalist funding1. In a continued quest to “help women rise,” the Stacy’s Rise Project has now further expanded its program together with longtime partner Hello Alice to support an additional 15 Black female founders with a total of $150,000 in business grants, professional advertising services – including a prominent spotlight on the Stacy’s Amazon e-commerce hub – and executive coaching/mentorship.
As small business owners nationwide have been impacted significantly by the events of the last year, a recent survey by Stacy’s found that Black female founders are facing their own unique challenges:
- 70 percent say