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Tag: Women-owned Businesses

  • $5K grants up for grabs for women-owned businesses in this Northern Va. city – WTOP News

    $5K grants up for grabs for women-owned businesses in this Northern Va. city – WTOP News

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    In an effort to give local businesses a financial boost, the City of Fairfax, Virginia, is offering up a $25,000 grant program meant to help companies grow.

    In an effort to give local businesses a financial boost, the City of Fairfax, Virginia, is offering up a $25,000 grant program meant to help companies grow.

    Specifically, the grants are for businesses that are located in the city and are owned by women. They can include home-based businesses, startups or expanding businesses.

    “We certainly have many women-owned businesses in Fairfax,” said Tara Borwey, programs manager for the city’s economic development team. “There’s a lot of passion and creativity.”

    The program will award five grants of $5,000 each.

    Applications are now being accepted online, although applicants can also print the document and send a physical copy through the mail.

    “Barriers can create obstacles that prohibit people from being able to grow their business,” Borwey said. “Access to capital is one of those.”

    Grant recipients will be publicly announced late next month, with winners being notified no later than Sept. 20.

    They will be able to use the grant money to work with consulting services that connect them with industry experts and other resources that can help them remain competitive and grow.

    “It can be basically anything that your business doesn’t currently have the capacity to address,” Borwey said.

    Grants will be awarded based on a number of factors.

    For example, business owners who apply will need to clearly lay out what they need the money for, what the timeline would be for spending the money and what the potential impact would be on business growth and expansion.

    “We are very proud of the women business owners who have chosen to establish their businesses here in the city, many venturing into this role for the first time,” said Fairfax City Mayor Catherine Read. “Investing in their success means finding ways to help them sustain their operations.”

    “We will remain creative in how we support our local businesses,” Read added.

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    © 2024 WTOP. All Rights Reserved. This website is not intended for users located within the European Economic Area.

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    Nick Iannelli

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  • Three local businesses are breathing new life into Ypsi’s beloved Go! Ice Cream building

    Three local businesses are breathing new life into Ypsi’s beloved Go! Ice Cream building

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    Downtown Ypsilanti faced a tough blow from the COVID-19 pandemic, yet the city is continuing to make a comeback with a diverse array of new businesses opening up in the area regularly.

    One major community loss for Ypsilanti, however, happened in October 2023 when Go! Ice Cream owner Rob Hess announced he would close his beloved shop after 10 years, and had accrued over $100,000 in debt trying to keep the business afloat.

    Many local residents were saddened by the news.

    Just around six months later, a new sweet treat business is getting ready to move into the space, joining two other companies in revitalizing the building at 10 N. Washington St.

    Soon, Beara Bakes, Investors Realty Group, and K&S Custom Embroidery will all utilize different sections of Go! Ice Cream’s former home.

    On the same street, strip club Deja Vu just reopened after closing down in 2020. Around the corner on Michigan Avenue, Bloodroot Herb Shop opened in August 2023 and Ypsi Bloom Studio is preparing for a grand opening on May 1.

    Many other businesses in the area have opened in the last year or plan to open soon including Ypsi Art Supply, Bird Dog Baking, and cocktail bar Bitter Truth, among others.

    “It’s really amazing just how long it has taken this little business district to start recovering from COVID-19,” Colleen Kennedy, broker-owner of Investors Realty Group, the property manager for 10 N. Washington St., says. “One storefront at a time, we’re finally feeling the vibrancy back here.”

    In the front of the former Go! Ice Cream building, K&S Custom Embroidery, owned by Kirstin Forster and her sister Sarah Forster-Stronski, has been running for around three years. This was the lone business actively operating out of the building since the ice cream shop’s closure.

    In February, Kennedy’s company was hired to manage the building and lease out the vacant suites and she quickly decided that the other front suite would be a perfect new office space for Investors Realty Group. Within weeks of being hired to manage the building, Kennedy also connected with Cat Spencer, the owner of the up-and-coming bakery Beara Bakes, which had been operating as a pop-up since 2020 while using the commercial kitchen at local urban farm Growing Hope.

    “The front part of the building that Go! Ice Cream had been using as their dining room or gathering space, that’s going to be my office now, so we’re bringing the building up to full occupancy,” Kennedy says. “Beara Bakes’s [entrance] is on the alley and we’re on the Washington Street frontage, we have a huge window right to the street. Instead of another empty, vacant storefront, we’re putting people in there and we plan to be very active in the downtown business development.”

    Beara Bakes is highly rated for its holiday bake sales, curated boxes, and “rustic style” biscuits and baked goods, which change seasonally depending on what local farmers are producing. In addition to a robust wholesale business with several local restaurant establishments, Beara Bakes does markets and brunch pop-ups throughout the area.

    The former Go! Ice Cream storefront will be the baking company’s first brick-and-mortar.

    “I’ve always really loved that space and was equally as devastated I think as anyone else when I learned that Rob was gonna be closing and really sad for the Ypsilanti community because it was a very beloved space by all people,” Spencer says. “I was dreaming of a little cafe attached to a commercial kitchen, right in downtown Ypsilanti, and the Go! Ice Cream space is literally exactly what I had drawn up in my mind.”

    The owner says that they don’t plan to do too many renovations, but are just sprucing up the shop a bit and repainting, planning to start bare bones and improve as they go, with a main goal of sustainability and hopes to become a “staple for Ypsilanti culture.”

    “We’ve been doing this since 2020. I have a lot of regulars who have been with us since then, and one of the things I’m most excited about is being able to welcome the customers and everybody into this space that we built for them,” Spencer says. “For me, it’s akin to welcoming someone into my home and hosting them for dinner. It’s like one of my favorite things to do and it’s like that but times 1000. I find joy in bringing joy to others.”

    “The pandemic I think hit Ypsilanti in particular very hard and it’s really great to see that while we’re mourning the loss of a lot of beautiful, interesting, unique businesses, it’s coming back,” they add. “I’m feeling very hopeful these days that Ypsilanti as a whole is flourishing.”

    For now, Beara Bakes will continue normal operations but hopes to be fully operational by June. Kennedy hopes to have Investors Realty Group offices up and running by May 1.

    “This one block has so much local business history, and I’m really proud to be a part of keeping it healthy and vibrant for the next few decades,” Kennedy says. “And, of course, I’m really happy that 10 N. Washington is now back in business with three local, women-owned businesses!”

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    Layla McMurtrie

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  • New RED Fashion School Opens in Norwalk, Offering Connecticut’s First Recognized Fashion Design Certificate Program

    New RED Fashion School Opens in Norwalk, Offering Connecticut’s First Recognized Fashion Design Certificate Program

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    Students will work alongside world-class fashion designers to explore their creative talents & develop necessary skills to pursue a career in fashion

    World-class fashion designers and brands are helping to shape the next generation of cultural innovators in Norwalk, Connecticut, the home of the new RED Fashion School (RED).

    Opening its doors to the first enrolled class on Nov. 15, 2023, RED offers Connecticut’s first recognized certificate program in Fashion Design. The second enrollment for the program begins on Jan. 2, 2024.

    Over the course of 15 months, students will design, market and produce their own fashion collection, while learning the entire vertical design process — including sample room production and sales.

    Students will also explore their creative talents and personal style while building the necessary skills to launch their own brand or work in a fashion house.

    Among the industry-recognized design instructors is RED’s Founder, Irina Simeonova, who has showcased collections at New York Fashion Week, been featured on French Fashion TV and sold her collections across the U.S. and Canada.

    She also founded the New England Fashion+Design Association (NEF+DA) in 2006, an organization based in South Norwalk that offers fashion design education to children and adults — which ultimately provided the inspiration for launching RED.

    “After 17+ years of working with talented design students, I saw a need for an intensive, fast-paced program focused on the skills to gain employment or transition back into the workforce quickly afterward — whether that means launching your own fashion brand or working with a major label,” Simeonova said. “Our new Fashion Design Certificate Program at RED helps fill this void while providing a unique vertical education model that focuses on Research, Education and Design.”

    Simeonova also noted that RED’s location in Norwalk plays an important role for graduates and the community alike:

    “RED is poised to elevate educational offerings within our region while injecting fresh talent and collaborative endeavors into the local community,” Simeonova said. “We’re empowering our graduates to stay within the area, helping to support new and existing businesses, manufacturing and cultural enrichment in Norwalk and surrounding areas.”

    RED is currently accepting student applications. Interested candidates who hold a high school diploma or GED®, are at least 18 years of age and have an innate interest in fashion design can apply at www.redfashion.school.

    About RED Fashion School

    RED Fashion School (RED) is a non-profit educational institution that brings together contemporary style design education and the insights of working designers to educate the next generation of cultural leaders and innovators through its Fashion Design Certificate Program. RED offers a uniquely vertical model of education, a co-operative enterprise where students are educated through the process and practice of working with world-class designers.

    Source: RED Fashion School

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  • 5 Ways to Support Women-Owned Businesses | Entrepreneur

    5 Ways to Support Women-Owned Businesses | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Women entrepreneurs face unique challenges in starting and growing their businesses. Some of these challenges are very familiar: limited access to funding, lack of mentorship and bias that many experience in the marketplace.

    Supporting women-owned, small businesses is not only a matter of closing the gender gap but also a way to boost the economy and foster innovation. Shifting habits and cultural norms can seem impossible, but making these significant changes in behavior can be done in small, straightforward ways. These small habits add up to monumental change. Here is a list of the best ways to support women-owned businesses and empower women entrepreneurs:

    1. Shop at women-owned businesses

    One of the most direct ways to support women-owned businesses is simply to spend your money with them. Women entrepreneurs are represented in virtually every industry, from retail to technology to professional services. You can find women-owned businesses in your local area or online. There are dedicated directories on a local, national or regional basis to assist in locating these businesses.

    When you shop at a woman-owned business, you support not only the owner but also the employees, suppliers and the community surrounding that business. Women-owned businesses positively impact the local economy by creating jobs and increasing the tax base. In choosing to spend your money at women-owned businesses, you are making a statement about the importance of gender diversity in the marketplace.

    Related: Why Investing in Women-Led Startups Is the Smart Move

    2. Spread the word

    Spreading the word about women-owned businesses is an excellent way to support them. When you use your social media channels or personal networks to share information about the women-owned businesses you buy from, you are helping to build knowledge and increase awareness of these businesses and that there are choices in the marketplace.

    Word of mouth is “old school,” but still one of the most powerful ways for any business to gain traction. Using your personal and professional networks to promote women-owned businesses and sharing that information with your friends and family members can help drive immediate revenue. It can also help expose that business to its next big opportunity.

    3. Attend events

    Attending events organized by women-owned businesses is a great way to show your support and learn more about their products and services. Many women-owned businesses host pop-up shops, networking events or workshops. These events can be an excellent opportunity to meet the owner, connect with other supporters, and learn more about the business.

    Attending events also shows the owner that their business is valued and appreciated. When you attend an event, you support the owner and the other attendees and vendors. This can create a sense of community and support that can help the business thrive.

    Related: A Look Back at Women’s Entrepreneurship Over the Last 35 Years — and How We Can Change the Future for Women Business Owners

    4. Write reviews

    Leaving positive reviews after shopping online, leveraging review platforms like Yelp, Google, or Trust Pilot or writing a review and sharing it on social media is another way to support women-owned businesses. Reviews can influence potential customers’ purchasing decisions, help increase the business’s visibility online, and encourage others to support those businesses. When you leave a positive review, you support the owner, the employees and other stakeholders.

    It’s also important to note that negative reviews can significantly impact a small business, so it’s essential to be thoughtful and constructive in your feedback. If you have a negative experience with a women-owned business, consider reaching out to the owner directly to share your concerns and allow them to address the issue before taking it public.

    Related: Studies Suggest It’s Good Business to Hire Women Over Men. Here’s Why.

    5. Partner with women-owned businesses

    If you own a business or work in a related field, consider partnering with a woman-owned business to offer joint promotions, events, or services. Partnering with a woman-owned business can help you reach new customers and grow your business while supporting another entrepreneur.

    When you partner with a women-owned business, you can share resources and expertise to help each other succeed. This type of collaboration sends a strong message and can create a sense of community and support that can benefit both businesses.

    These are simple things you can do every day that will directly impact your community and the large economy. What are you waiting for?

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    Kate Isler

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  • A Look Back at Women’s Entrepreneurship Over the Last 35 Years — and How We Can Change the Future for Women Business Owners | Entrepreneur

    A Look Back at Women’s Entrepreneurship Over the Last 35 Years — and How We Can Change the Future for Women Business Owners | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    With Women’s History Month upon us, it’s important that we honor, celebrate and recognize the impacts women entrepreneurs make across the business world. Women business leaders play an essential role in their local communities, our economy and the world at large. They serve as a vital part of the world’s economic engine and empower the next generation of women to reach their goals as entrepreneurs.

    Women made strides toward equality and advanced their mark on business in 1988 when The Women’s Business Ownership Act was passed. This act, which was supported by the National Association of Women Business Owners (NAWBO), was created to address the needs of women by eliminating lending practices by banks that made business ownership more difficult for women than men.

    This year, as we celebrate the 35th anniversary of The Women’s Business Ownership Act as well as Women’s History Month, it’s important to pay respect and acknowledge our history and recognize its impact on the present. There is still work to be done as we can pave the way for a successful generation of future women leaders and entrepreneurs.

    Related: 7 Practical Ways to Celebrate and Support Women Entrepreneurs

    A look back at women’s entrepreneurship over the last 35 years

    More than three decades ago, the process to start a business changed for the better for women. The Women’s Business Ownership Act was passed and empowered women entrepreneurs across the country to pursue their business goals. Prior to its passage, women business owners were required to have a man related to them as a co-signer on their business loans. The act helped reduce discrimination based on gender and allowed women to access capital to start a new business or fund their existing business.

    There has been a significant increase in women-owned businesses since that milestone event. A few years after its passage, the number of women-owned businesses in the U.S. reached 6.4 million in 1992 — this represented one-third of all domestic firms and 40% of all retail and service firms, according to the United States Census. As of 2019, the number of women-owned businesses has doubled to nearly 13 million (representing 42% of all U.S. businesses), and a 2022 study showed that over the past three years, the number of women entrepreneurs grew by 48% year-over-year, which outpaced their male counterparts by 22%.

    Related: The Challenges in Getting Funding for Women and Minority-Owned Businesses, and How to Solve Them

    How we change the future for women business owners

    Though we’ve made great strides over the last 35 years, women continue to face greater challenges than their male counterparts — for example, access to capital remains a critical issue for women and minority business owners. According to Bank of America’s 2022 Women and Minority Business Owner Spotlight, nearly one-third of women business owners do not believe that women will ever have equal access to capital, and for those who do, they believe on average it will take nine years to achieve equal access. Clearly, we still have much progress to achieve.

    To help overcome the disparity in access to capital, women need support and resources to navigate the capital landscape and identify potential sources of funding, such as equity, debt and grant capital. Banks have a responsibility to provide accessible capital solutions. There are a number of resources available right now that many women business owners don’t know about. For example, in 2021 Bank of America launched the Access to Capital Directory for Women Entrepreneurs to help connect women to organizations that provide funding for women-owned businesses. Additionally, the Bank of America Institute for Women’s Entrepreneurship at Cornell provides the opportunity for women to earn a certificate in business from the Ivy League university. The bank has also recently launched a public marketplace to support and showcase women-owned businesses that participate in programs to drive women’s entrepreneurship.

    Mentorship can also make a considerable difference in your professional growth. Over the years, I’ve learned the importance and value of this, both as a mentor and a mentee, and how much more can be achieved when you pay it forward and help lift other women up. This can be done through providing programs and materials, serving as a confidant to a peer or encouraging women to look into new, educational resources.

    Related: 3 Strategies for Women Entrepreneurs to Overcome Common Hurdles in Business

    Education will continue to be key as women work to achieve full equality in business. Whether it’s learning about business tactics or how to apply for grants, women must use every available resource to enhance their knowledge and reach as they begin their business endeavors. Through collaboration with fellow women and business partners, they can enhance efficiency, strengthen financial knowledge and deploy their creativity that takes their businesses to unseen levels of new success.

    Many women business owners face challenges daily, but they continue to overcome adversity and remain dedicated — as we’ve observed over the last 35 years. I have especially seen this in my personal and professional life. We have a lot to celebrate, but I am even more excited and exhilarated to see what we accomplish in the next 35 years.

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    Sharon Miller

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