Women own 40% of all businesses in the USA, but female entrepreneurs receive less than 1% of venture capital -- yes, ONE PERCENT! Plus, they are much more likely to be declined for a loan than male entrepreneurs. The HERImpact Pitch Competition, supported by the Ford Fund, provides badly needed funding and business coaching to help female social entrepreneurs with great ideas scale their businesses. Started in Detroit, the program has already expanded to Miami and Washington, DC. We talk to pitch competition winners Brittany Rhodes, founder of Black Girl Math-gic, Arielle Johnson, founder of Fierce Staffing and Ford's Yisel Cabrera about how and why HERImpact works.
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