A new program in Kansas City is working towards promoting equity, fairness, and equal opportunity for women looking to start a small business. The program, launched by a local financial firm, is designed to close the gender gap in investments available to female entrepreneurs.
Two sisters, Casey and Sloan Simmons, faced challenges when trying to open their own retail store 28 years ago. Banks were hesitant to loan them money or provide investments, asking intrusive questions about their personal lives instead of focusing on their business plans. This highlights the challenges that female entrepreneurs face when it comes to securing funding for their businesses.
Despite this challenge, women-owned businesses make up a significant portion of all businesses in America and are growing at a faster rate than those owned by men. However, these women continue to face obstacles when it comes to accessing financing and resources needed to grow their businesses.
H&R Block’s “Fund Her Future” program aims to address these challenges by offering grants totaling $100,000 to five female business owners. Businesses that are at least 51% owned by women can apply for the program which will provide not only financial investments but also free business consulting services. This will help these women overcome obstacles and watch their businesses thrive.
According to a report by H&R Block and Wells Fargo, Kansas is among the top 10 worst states in America for women to start a business. The “Fund Her Future” program aims to support female entrepreneurs in the state and beyond by providing them with the resources they need to succeed
