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Showing posts with label finance. Show all posts
Showing posts with label finance. Show all posts

Black women struggle to fund startups




From the trunk of her Toyota Corolla, 53-year-old Charmaine DaCosta delivers her Jamaican limeade to grocery stores and delis in Manhattan and Brooklyn.

"I do my own delivery, make the product and I [watch] over every process," DaCosta said of her beverage company Limation. "All the financial responsibility falls squarely on me."


DaCosta is one of many minority female entrepreneurs driving the market -- it's the fastest growing demographic launching businesses. And in fact, minority women lead over 25% of the 8 million female-owned businesses in the United States, according to the Center for American Progress.

The challenge for most African-American women isn't the entrepreneurial spirit, it's having sufficient access to funding and venture capital, according to CAP, a Washington D.C.-based think tank.


via CNN Money