Member-only story
Why We Need To Highlight And Support BIPOC Businesses
Women remain underrepresented in high-level, highly paid positions worldwide. A 2018 study indicated that women’s gross earnings dropped substantially after their first child and that mothers earned 20% less than men. According to a 2017 study by The Nielsen Company, African-American women are the fastest-growing group of entrepreneurs in the U.S., and the 2019 State of Women-Owned Businesses Report discovered that women of color represented 89% of new women-owned businesses opened in 2019.
Despite these statistics, BIPOC led companies are often looked over in funding, leading many companies to rely on self-financing for their launch, including our beauty brands Bomba Curls, Naturalicious, The Lip Bar OrganiGrowHairCo. Each has its own incredible story — From rags to riches, the first African American woman to hold a patent for natural hair care, and 1 of 3 Afro-Latina natural hair care brands. These women have defied the odds and created quality brands.
Some BIPOC Companies To Check Out
Kay Cola, the founder and CEO of OrganiCo, went from being homeless at 24 to becoming a self-made millionaire. While working to…
