Insights - WE Hub

Woman Owned Business Tax Benefits What’s Out There?

By Above the Canopy / February 28, 2023

The federal government does want to promote underrepresented groups in entrepreneurship – mostly women and minorities. But unfortunately, it’s not through the tax code. Everyone is subject to the same tax laws, and everyone has access to the same deductions. However, federal, state, county, and city governments around the country have programs that can help your business including business development opportunities, government sponsored grants and loans, and much more!

Best Tax Incentives for Minority Owned Businesses

By Parachor / February 26, 2023

If any businesses certainly need every available advantage when it comes to success, its minority-owned businesses. Federal laws have been created to protect minority businesses and ensure equality in business resource access. Even though minority-owned businesses have been making increased strides in industry access and parity, there is still a long way to go.

These Latina Entrepreneurs Beat The Odds. They Want Investors To Take Notice.

By Daniela Pierre-Bravo / October 14, 2022

The investment community needs to hear from Latinas who have successfully scaled up their businesses, say Hispanic entrepreneurs and investors.

Why More Women Are Self-Employed Now

By Emily Peck / September 2, 2022

More women are self-employed now than prior to the pandemic — particularly Black and Hispanic women and those without bachelor’s degrees, finds a new analysis from the Center for Economic and Policy Research.

P&G Ventures and Transparent Collective highlight challenges for minority entrepreneurs

By Dean Takahashi / June 22, 2022

According to a report released by Transparent Collective, on average, people of color (POC) in a survey raised 48% less money than white male founders. With larger series A rounds in white male hands, it is understandable that there are some outliers with higher revenues on average, the report said.

Why There’s Never Been a Better Time to Become a Female Founder

By Doone Roisin / June 20, 2022

There’s no denying the realities of starting a business are nothing short of challenging. You’ve got rapidly evolving tech to keep up with, increasing competition, higher operating costs, and not to mention, the overall uncertainty that always comes with founding a new business — “Will my idea even succeed?”

5 Ways to Lower the Gap in Funding for Women and BIPOC Entrepreneurs

By Karim Nurani / May 23, 2022

Despite headlines proclaiming growth and progress, the funding gap for female and BIPOC-founded startups remains significant. Halfway through 2021, the funding for U.S. startups led by Black women had already outpaced the total from 2018 (the previous five-year high), but the $494 million raised at that stage still represented just 0.34 percent of total venture capital spent.

Chicago Leads the Country in Percentage of Seed Funding for Black, Latino Founders

By Jim Dallke / May 3, 2022

Chicago nearly tripled its investment in Black and Latino startup founders since 2019, according to a report, as efforts to diversify the city’s startup scene show early results.

How Millennials Are Fueling the Hispanic Small Business Boom

By Julie Schwietert Collazo / May 2, 2022

The Hispanic small business sector is growing, and Millennials are fueling that boom. Learn more about the reasons why.

Black Women Say Goodbye to the Job and Hello to Their Own Businesses

By Patrice Worthy / February 12, 2022

The pandemic crisis has seen a boom in Black women – ‘so often entrepreneurs of necessity’ – setting up on their own

Black-Owned Businesses Are Rising, Thanks in Part to Black Women

By Shirin Ali / February 10, 2022

Initially the coronavirus pandemic hit small businesses across the country hard, forcing many to limit hours, shorten services and, for some, shutter their doors permanently. Despite the serious setbacks, Black small business owners prevailed and are on track to continue to grow.

At-Home Businesses Are Growing. Women and People of Color Benefit the Most

By Chabeli Carrazana / December 27, 2021

The pandemic has fueled the passage of new ordinances in cities and states allowing entrepreneurs to set up businesses from home — a boon for women and people of color who face systemic barriers.