Bank of America Launches Capital Directory for Women Entrepreneurs

hand putting coins into a piggy bnk

Bank of America, in partnership with Seneca Women, announced the launch of the Bank of America Access to Capital Directory. This platform was created to help educate women-owned businesses in the U.S. on navigating the capital landscape and identify potential sources of funding, such as equity, debt and grant capital. Click here to read the press release. Click here to access the directory.

Interview with Yael Vizel on the $200MM sale of Zeekit

company logo for Zeekit

Yael Vizel is the founder of the startup, Zeekit, which uses artificial intelligence to enable customers to try on clothes via a virtual platform. Vizel is also one of the only Israeli women to seal a nine-figure exit deal with an acquirer (in this case Walmart). This article shares a fascinating interview with her as she discusses the deal and also the ins and outs of being an entrepreneur.

COVID’s Impact on Women’s Finances

Logo for NPR's Marketplace

Sallie Krawcheck, one of the highest-ranking women on Wall Street from positions at Bank of America and Citigroup, is the CEO of Ellevest, a digital financial company for women that she co-founded in 2014. In this interview with NPR’s “Marketplace” host Kai Ryssdal, she shared thoughts on what the COVID pandemic has specifically meant for women’s personal finances.

According to Krawcheck, “if pay is what you bring in, wealth is what you have and keep.” Prior to COVID, women’s wealth was approximately 32 cents to a white man’s dollar – and only one penny if only considering Black women. In this discussion, Krawcheck mentions how this has only become more severe during the pandemic and also shares strategies to close the gender wealth gap.

Business Accelerator Designed For Women Veterans

woman in military uniform

The Department of Veterans Affairs has partnered with PenFed Foundation to launch its Military “Women Veteran Bootcamp Accelerator”. The six-month long program is designed for women who have 3-5 years of experience in business and are seeking to grow their venture. To learn more about this program and others available to women veteran-owned small businesses, check out the US Department of Veterans Affairs website here.

MSNBC Interview With US Vice President Kamala Harris

Cartoon drawing of US Vice President Kamala Harris

As part of the launch of Forbes‘ “50 Over 50” list, Vice President Kamala Harris sits down for an exclusive interview with MSNBC’s Mika Brzezinski to discuss not evaluating herself based on age, eating ‘No’ for breakfast, working with women-owned small businesses and encouraging women and girls to know their strength. Click here to watch.

Pioneering Women Will Appear on US Quarters

Pile of US Quarters spread out on a table

The US Mint is creating some new designs – featuring women – for the “tails” sides of quarters that will start circulating in January 2022 and run through 2025. The first two honorees have already been chosen: poet Maya Angelou and astronaut Sally Ride.

The other female honorees will be decided by Treasury Secretary Janet Yellen – with input from the American public. To read more about the initiative, check out this article from CNN. Want to submit a suggestion for a nominee? Fill out this brief form provided by the National Women’s History Museum.

Saving Small Businesses

"come in we're open" sign hanging on the front door of a business

The US Chamber of Commerce has a helpful website that provides links to financial assistance programs, resources, and advice to help small business owners – which is particularly important as we continue to navigate the COVID pandemic. From national to state and local resources, the page is a great one to scroll through if you are a small business owner.

Advice From Walgreens’ New CEO

Headshot of Rosalind Brewer - soon to be new CEO at Walgreens

At the end of February, Rosalind Brewer, who is currently COO at Starbucks, will leave that position to become CEO of drugstore chain Walgreens. Once in this post, she will be the only Black woman currently serving as a Fortune 500 CEO, and just the third Black woman to lead a Fortune 500 firm in history. (There are currently only 37 women in CEO positions at Fortune 500 companies)

According to this CNBC article, during a recent speech, Brewer commented on the reality that many women experience bias and gender discrimination in the workplace. She said that her most critical message to women in business is to “stay steadfast” and know that “your voice matters.”

SBA Launches Largest Expansion of Women’s Business Centers in 30 Years

Small Business Administration logo

According to this recent post, the U.S. Small Business Administration (SBA) recently announced grant funding along with the launch of 20 new Women’s Business Centers (WBC) that will be opened across America. These new centers will serve rural, urban, and underserved communities. The move to open 20 new WBCs is the largest single expansion of the program since it began 30 years ago. Check out the post to read more about where the centers will be located as well as to access other resources from the SBA.