Goldman Sachs One Million Black Women: Black in Business
Since 2009, ICIC has served as the national outreach and selection partner for Goldman Sachs’ widely impactful 10,000 Small Businesses initiative. In 2022, the partnership expanded its reach to better serve Black women sole proprietors with the creation of thee One Million Black Women: Black in Business program.
One Million Black Women, launched in 2021, commits $10 billion in direct investment capital and $100 billion in philanthropic support to address the dual disproportionate gender and racial biases that Black women have faced for generations, which were exacerbated by the pandemic. In response to the increasing number of Black women sole proprietors and the disadvantages they face, the One Million Black Women: Black in Business program teaches participants how to price their products or services, hire employees, understand finances, and so much more. The curriculum was designed in partnership with 1863 Ventures and is
delivered through both in-person sessions at Goldman Sachs headquarters in New York city and virtual sessions over 10 weeks, both at no cost to participants across the country
Met with immense enthusiasm, the program has seen more than 450 participants across three cohorts since its inception. Now, the Black in Business program looks forward to serving many more Black women sole proprietors in the future.
2023 Impact Snapshot: One Million Black Women: Black In Business
“There are days when I step out of being the marshmallow maker and I focus on being the CEO of the company. [Before Black in Business], I never wanted to take on the title of CEO because I didn’t understand what that really meant. Now I understand there’s a difference between being the CEO and managing your business. The role of the CEO is to grow the business, and if I’m in every other role, then my business is just going to be flat.”
Saidah Farrell, Founder & CEO
“The program provided me not only hard skills like “how to institute sound systems and processes,” but also soft skills like building the confidence to be the CEO of my business. Act like the CEO, walk like the CEO, talk to the CEO and most importantly—make the hard decisions like the CEO.”
Ameerah Bello, Owner
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