The Women's Entrepreneur Leadership Lab (WELL) is a network of Black women business owners that facilitates peer-supported growth by fostering relationships that build community, collaboration, confidence, and capital. It set out to address the lack of support Black women founders receive as entrepreneurs by banding together and creating a community to support each other.
Data illustrates how far funding needs to progress to support Black women, who accounted for 42% of net new women-owned businesses, while only being 14% of the female population from 2018-19, according to the 2019 State of Women-Owned Businesses Report, which analyzed U.S. Census Bureau data, and extrapolated forward based on Gross Domestic Product data.
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