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The Black Women's Wealth Alliance

Our 
Story

The Black Women’s Wealth Alliance, SBC aims to increase the economic stability and prosperity of Historical Black women to enable them to build Black generational Wealth.

 

Our work focuses on Wealth Literacy, Business leadership & strategy, Professional development and social capital. Additionally we provide small capacity grants towards Black women's wealth goals and aspirations.

Behind the BEE Marketplace

In 2020, 41% of Black businesses closed their doors and more than 130,000 Black women were fired or furloughed from the workplace. The Black Women's Wealth Alliance observed a significant increase in new business startups during this time, and many existing businesses were seeking financial and technical assistance in order to sustain and reinvent themselves as they struggled to recover from economic loss.

 

Many businesses lacked the technology and marketing skills, equipment, and funds needed to develop a digital presence. This led to the BEE Marketplace being created as a pilot program in 2020 with 34 Black Women business owners and entrepreneurs. BEE Marketplace services included marketing education, website overhauls, sales tracking tools, and capacity grants.

 

The BEE Marketplace is a critical platform that supports the visibility and viability of black businesses impacted by the COVID-19 pandemic and the civil uprisings resulting from the murder of George Floyd.

2020 BEE Marketplace facts

2020 BEE Marketplace Facts

  • 34 business owners employed 69 individuals

  • 27 of 34 business owners were registered & licensed

  • 34 businesses reported a total of pre-covid annual sales of $550K

  • 31 business were impacted by Covid 19 & Civil Uprisings

  • 31 businesses received a total of $65K in BWWA support grants

  • 32 businesses received social media training, consult and revamp

  • 13 businesses participated in group sales

  • 17 business owners reported earning over $51K within 30 days

2021 BEE Marketplace facts

  • 35 Historically Black-Women-Owned businesses & entrepreneurs participated in the BEE Marketplace

  • Two participating business owners are under 18yrs of age, youngest being 6yrs old.

  • 32 of 35 businesses are state registered companies, 82% of the businesses operating as a Limited being Limited Liability Corporations (LLC)

  • Four businesses received marketing revamps of website, social media and communication tools

  • 35 businesses received $26,000 in small capacity grants

  • 20 businesses participated in live interviews on the INSIGHT News show

  • 35 businesses received customer shopping bags, greeting cards and other customer service materials & tools

  • 45 Day marketing campaign from December 15th, 2021- January 30th, 2022

  • Reported Sales of $25,000 (ongoing)

Meet the BEE Marketplace Staff