Women’s Entrepreneurship Accelerator Partners with the WE Empower UN SDG Challenge to Maximize the Development Impact of Women Entrepreneurs OutBuro lgbtq professionals networking online community

Women’s Entrepreneurship Accelerator Partners with the WE Empower UN SDG Challenge to Maximize the Development Impact of Women Entrepreneurs

The WE Empower Challenge, a Programme co-led by Vital Voices & the Global Futures Laboratory at Arizona State University, is a First-of-its-Kind Competition for Women Social Entrepreneurs

NEW YORK–(BUSINESS WIRE)–The Women’s Entrepreneurship Accelerator (WEA), a strategic multi-partnership convening five United Nations agencies and Mary Kay, Inc., in support of last week Global Entrepreneurship Week and Women’s Entrepreneurship Day, announced a partnership with WE Empower UN SDG challenge, a first-of-its-kind competition for women social entrepreneurs across the world.

Women's Entrepreneurship Accelerator Logo
WE Empower UN SDG Challenge Programme Logo JPG

WEA is designed to maximize the development impact of women entrepreneurship in achieving the UN Sustainable Development Goals (SDGs) by creating an enabling ecosystem for women entrepreneurs that fosters growth, sustainability, and resilience. UN Partners of WEA include International Labour Organization (ILO), International Trade Centre (ITC), UN Global Compact (UNGC), UN Development Programme (UNDP), and UN Women.

The WE Empower UN SDG Challenge is a global business competition for women entrepreneurs who are advancing the UN Sustainable Development Goals and inspiring entire communities to act to create the world they want by 2030. The WE Empower UN SDG Challenge honors women entrepreneurs who are advancing the SDGs through their business practices. The opportunity recognizes their innovative work, ignites awareness about the valuable contribution women entrepreneurs can make toward the SDGs, and provides awardees with capacity-building training sessions and connections with business experts around the world.

The programme elevates and showcases the valuable contributions women entrepreneurs and business leaders can make toward the SDGs and solving the world’s greatest challenges. WE Empower is co-led by Vital Voices and Julie Ann Wrigley Global Futures Laboratory at ASU and supported by partners at Bank of Montréal (BMO), Diane von Furstenberg, the G5 Collective, GroYourBiz, Hawaii Tropical Botanical Garden, Mary Kay, Inc., Oxford University Said Business School, Procter & Gamble, Salesforce, UN Foundation, and the World Bank.

“The WE Empower SDG Challenge powerfully showcases women entrepreneurs as ideal role models demonstrating positive business, social and environmental performance,” said Deborah Gibbins, Chief Operating Officer at Mary Kay, Inc. “The Women’s Entrepreneurship Accelerator is honored to partner with WE Empower, a consortium of over 70 partners joining forces for an even greater multiplied impact.”

“We are thrilled to celebrate our partnership with the Women’s Entrepreneurship Accelerator, co-founded by WE Empower lead partner Mary Kay, Inc.,” said WE Empower UN SDG Challenge co-chair & ASU Julie Ann Wrigley Global Futures Laboratory’s Amanda Ellis. “Women entrepreneurs are valuable solutionaries for the UN SDGs and the global 2030 agenda, and WEA unlocks a suite of valuable support tools to help amplify positive impact.”

Globally, women already comprise one-third of all business owners, making critical economic and social contributions, despite the systemic barriers they face. Only five percent of countries legislate for full gender equality, making the support tools provided by the Women’s Entrepreneurship Accelerator even more important. In June 2021, WEA joined the Generation Equality Forum in Paris as well as the Action Coalition on Economic Justice and Rights, and committed to empower five million women entrepreneurs around the world by 2030 to accelerate progress for gender equality.

During UN General Assembly (UNGA 76), WEA announced the launch of a series of impactful initiatives and knowledge products – all shaped through a gender lens. WEA’s impact work includes digital capacity building tools and training, entrepreneurship and policy research, and gender-responsive procurement (GRP) advocacy and training. In October, WEA also announced a milestone partnership with the Commonwealth Businesswomen’s Network (CBWN) aiming at advancing women entrepreneurship in 54 countries of the Commonwealth.

About the Women’s Entrepreneurship Accelerator

The Women’s Entrepreneurship Accelerator (WEA) is a multi-partnership initiative on women’s entrepreneurship convening 5 UN agencies, International Labour Organization (ILO), International Trade Centre (ITC), UN Global Compact (UNGC), UN Development Programme (UNDP), UN Women and Mary Kay, Inc. to empower 5 million women entrepreneurs by 2030.

The ultimate goal of the initiative is to maximize the development impact of women entrepreneurship in achieving Sustainable Development Goals (SDGs) by creating an enabling ecosystem for women entrepreneurs around the world. The Accelerator exemplifies the transformational power of a multi-partnership of unique magnitude to harness the potential of women entrepreneurs.

Learn more at we-accelerate. Follow us: Twitter (@We_Accelerator), Instagram (@we_accelerator), Facebook (@womensentrepreneurshipaccelerator), LinkedIn (@womensentrepreneurshipaccelerator)

About WE Empower UN SDG Challenge

The WE Empower UN SDG Challenge is the first-of-its-kind global competition for women social entrepreneurs who are advancing the UN Sustainable Development Goals and inspiring entire communities to act to create the world we want by 2030. The WE Empower Challenge honors innovative women leaders from around the world who are pushing the SDGs forward through sustainable business practices and inspiring others to follow suit. The opportunity recognizes their innovative work and provides Awardees with capacity-building training sessions and opportunities to connect with an unparalleled global network to advance their enterprises. This program elevates and showcases the valuable contribution women entrepreneurs and business leaders can make toward the SDGs and solving the world’s greatest challenges.

About Vital Voices Global Partnership

Vital Voices Global Partnership is an international non-profit organization that identifies and partners with creative and fearless women leaders around the world. Vital Voices searches the world for women leaders with daring vision for change, then works with them to make that vision a reality. We are venture catalysts, who provide leaders with capacity building, skills training, grants, access to a network of their peers, mentorship, visibility, recognition, and guidance to accelerate change on a global scale. For more than 20 years, Vital Voices has invested in over 18,000 women leaders from 182 countries and territories, who have then gone on to create change affecting millions around the world. Vital Voices works with women who advance economic opportunity, increase political and public engagement, end gender-based violence and promote human rights through signature fellowships, individualized investments and meaningful, lifelong partnerships. Vital Voices connects women solving problems in their communities and equips them with the tools they need to incite global, positive change and accelerate shared progress for all. Visit www.vitalvoices.org to learn more.

About Julie Ann Wrigley Global Futures Laboratory at ASU

The Julie Ann Wrigley Global Futures Laboratory at Arizona State University represents the urgent belief that we can and must make a meaningful contribution to ensuring a habitable planet and a future in which well-being is attainable. The Global Futures Laboratory is the world’s first laboratory dedicated to the health of the planet and its inhabitants. It is built upon the deep expertise of ASU and leveraging an extensive network of partners for an ongoing and wide-ranging exchange across all knowledge domains to address the complex social, economic and scientific challenges spawned by the current and future threats from environmental degradation. This platform positions a new world headquarters for an international array of scientists, scholars and innovators and lays the foundation to anticipate and respond to existing and emerging challenges and use innovation to purposefully shape and inform our future. For more information visit globalfutures.asu.edu.

Contacts

Mary Kay Inc. Corporate Communications

marykay.com/newsroom
(+1) 972.687.5332 or media@mkcorp.com

Women’s Entrepreneurship Accelerator Announces Partnership With Commonwealth to Drive Change for Women Entrepreneurs in 54 Countries OutBuro lgbt professional entreprenuer networking online

Women’s Entrepreneurship Accelerator Announces Partnership With Commonwealth to Drive Change for Women Entrepreneurs in 54 Countries

NEW YORK–(BUSINESS WIRE)–The Women’s Entrepreneurship Accelerator (WEA), a strategic multi-partnership convening five UN agencies and Mary Kay Inc., is today joining forces with the Commonwealth Businesswomen’s Network (CBWN) to empower and support underserved women entrepreneurs across the 54 countries of the Commonwealth.

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5362735 WEA Master Logo RED 3.25

WEA is designed to maximize the development impact of women entrepreneurship in achieving the Sustainable Development Goals (SDGs) by creating an enabling ecosystem for women entrepreneurs that fosters growth, sustainability, and resilience. In June 2021, WEA joined the Generation Equality Forum in Paris and committed to empower five million women around the world by 2030 to accelerate progress for gender equality.

WEA recently announced the launch of a series of impactful initiatives and knowledge products, all shaped through a gender lens, as the joint outcome of the collaboration between the International Labour Organization (ILO), the International Trade Centre (ITC), UN Global Compact (UNGC), UN Development Programme (UNDP) and UN Women with the strategic support and funding of Mary Kay. WEA’s impact work includes digital capacity building tools and training; entrepreneurship research; and gender-responsive procurement (GRP) advocacy and training.

CBWN works with women in business by connecting governments and the private sector to encourage, enable and embed women’s economic empowerment and women in leadership. Originating in May 2021, the Commonwealth Women’s Entrepreneurship Accelerator (CWEA) is a strategic multi-stakeholder partnership from the CBWN, the Global Entrepreneurship Network UK (GEN UK) and Oxentia. It is a direct response to three developments: the agreement by all Commonwealth Heads of Government in London in 2018 “to work towards an increase in the number and enhancement of the success rate of women-owned businesses, break down gender barriers in all sectors, and increase opportunities for women to trade internationally”; the recognition by the G20 in 2020 that “there is a missed opportunity – to tackle the gap that needs immediate action, which is the representation of women in emerging fields”; and the UN Global Acceleration Plan to advance gender equality by 2026 and its Action Coalitions on Economic Justice and Rights and Technology and Innovation launched in 2021.

The new partnership with CBWN in support of CWEA further solidifies WEA’s geographic scope of action across the 54 Commonwealth diverse country members in Africa, Asia, the Americas, Europe, and the Pacific, with 32 countries classified as “small states.” Small states are especially vulnerable to climate change and developmental challenges including gender inequalities.

Beyond scaling WEA and CBWN’s foundational areas of work, the partnership will also significantly focus on policy and advocacy to advance systemic change engaging Commonwealth member states and leveraging its networks of organizations and key stakeholders in support of women in business or aspiring women entrepreneurs in and across the Commonwealth.

“We know that multi-stakeholder partnerships and collective engagement is crucial to drive the change that women entrepreneurs need across sectors around the world,” said Deborah Gibbins, Chief Operating Officer of Mary Kay Inc. “WEA is thrilled to join forces with the Commonwealth Businesswomen’s Network and the Commonwealth Women’s Entrepreneurship Accelerator. Our collaboration will focus on augmenting, amplifying and accelerating impact. We’re more powerful together, and I look forward to our collective action journey in support of the SDGs.”

“The Commonwealth Businesswomen’s Network is delighted to partner with the United Nations Women’s Entrepreneurship Accelerator in this landmark initiative so we can unlock and unleash the power and potential for more women of diverse backgrounds,” said Freda Miriklis, Chair, Commonwealth Businesswomen’s Network. “Through this partnership, we’ll be able to more quickly harness our collective assets – for women, their communities and every girl that can and will be inspired by their stories.”

To learn more about the Women’s Entrepreneurship Accelerator, visit we-accelerate.com.

About the Women’s Entrepreneurship Accelerator

The Women’s Entrepreneurship Accelerator (WEA) is a multi-partnership initiative on women’s entrepreneurship convening 5 UN agencies, International Labour Organization (ILO), International Trade Centre (ITC), UN Global Compact (UNGC), UN Development Programme (UNDP), UN Women and Mary Kay Inc. to empower 5 million women entrepreneurs by 2030.

The ultimate goal of the initiative is to maximize the development impact of women entrepreneurship in achieving Sustainable Development Goals (SDGs) by creating an enabling ecosystem for women entrepreneurs around the world. The Accelerator exemplifies the transformational power of a multi-partnership of unique magnitude to harness the potential of women entrepreneurs.

Learn more at we-accelerate. Follow us: Twitter (@We_Accelerator), Instagram (@we_accelerator), Facebook (@womensentrepreneurshipaccelerator), LinkedIn (@womensentrepreneurshipaccelerator)

About the Commonwealth Businesswomen’s Network

The Commonwealth Businesswomen’s Network (CBWN) works with women in business by connecting Governments and the private sector to encourage, enable and embed women’s economic empowerment. This is achieved through delivering activities, initiatives, products, and services focused on trade, talent, and training. It is the only accredited organisation focused on women’s economic empowerment and directly recognized by 54 governments across six continents. Learn more at www.cbwn.org

About the Commonwealth Women’s Entrepreneurship Accelerator

The Commonwealth Women’s Entrepreneurship Accelerator is a strategic multi stakeholder partnership on women’s entrepreneurship established as an outcome of the inaugural Commonwealth Women’s Entrepreneurship Summit (CWES) in May 2021, the first global event to focus on women in emerging tech sectors. CWES was convened by the Commonwealth Businesswomen’s Network; the Global Entrepreneurship Network; the UK Government (Women in Innovation Network, a programme of Innovation UK); and Africa’s largest network of women entrepreneurs (AWEP: African Women’s Entrepreneurship Program). The Commonwealth Women’s Entrepreneurship Accelerator is a partnership between the Commonwealth Businesswomen’s Network, Global Entrepreneurship Network-UK and Oxentia. Learn more at www.thecwea.org

About Mary Kay

One of the original glass ceiling breakers, Mary Kay Ash founded her beauty company more than 58 years ago with three goals: develop rewarding opportunities for women, offer irresistible products, and make the world a better place. That dream has blossomed into a multibillion-dollar company with millions of independent sales force members in nearly 40 countries. Mary Kay is dedicated to investing in the science behind beauty and manufacturing cutting-edge skin care, color cosmetics, nutritional supplements, and fragrances. Mary Kay is committed to empowering women and their families by partnering with organizations from around the world, focusing on supporting cancer research, protecting survivors from domestic abuse, beautifying our communities, and encouraging children to follow their dreams. Mary Kay Ash’s original vision continues to shine—one lipstick at a time. Learn more at marykayglobal.com

Contacts

Mary Kay Inc. Corporate Communications

marykay.com/newsroom
(+1) 972.687.5332 or   media@mkcorp.com

10000 Women HereToBeHeard Mars Unveils Findings Global Listening Study Advance Gender Equity OutBuro lgbt professional entreprenuer networking online community gay lesbian transgender queer

10,000 Women, #HereToBeHeard: Mars Unveils Findings from Global Listening Study to Advance Gender Equity

MCLEAN, Va., Oct. 27, 2021 /PRNewswire/ — Mars, Incorporated today released the findings of #HereToBeHeard, a global listening study created to amplify the voices of women across all intersections – including race, age, sexuality, religion, disability and more – in a meaningful dialogue on how to shape a more inclusive world. Launched at a time when the crushing and disproportionate impact of Covid-19 on women has set the march to equality back by 136 years1, the new report aims to advance action on gender equity.

In just three months, 10,319 women from 88 countries took part in a crowdsourcing initiative and were inspired to answer one question: What needs to change so more women can reach their full potential?  From soundbites to deeply personal perspectives, women called for systemic change they want to see from their employers, governments, communities and men to break down the barriers they face. The result is a timely, inspiring report that challenges society at large to listen, learn and do more to help deliver gender equity. The study is part of the Mars Full Potential platform to advance action on gender equity.

Stefanie Straub, Vice President & General Counsel, Mars, Incorporated comments: “#HereToBeHeard is already having a profound impact on how we use our scale and influence as a global business to help create enduring, positive change for all women.  At Mars, we’re committed to doing our part and the report lays out the pieces of the puzzle that can help us focus our actions to create a more equitable, inclusive environment. We’re using its data and the expert recommendations to fuel our next steps, shape our priorities, and guide our investments. The message is loud and clear – it’s up to all of us to march forward and help 10,000 voices reach their full potential.”

Mars worked with a team of scientists from the Oxford University Saïd Business School’s Future of Marketing Initiative and external qualitative analysts to examine women’s responses. Through a combination of machine learning and network analysis, the Oxford team identified 28 topics, which were qualitatively grouped into eight themes most frequently mentioned by women: 

  1. An End to Systemic Discrimination and Harmful Gender Stereotypes (80%)
  2. Equal Career Opportunities (79%)
  3. More Decision-Making Power (65%)
  4. Support as Parents (30%)
  5. Greater Work/Life Balance (26%)
  6. Gender Equal Learning (24%)
  7. Mental and Physical Wellbeing (19%)
  8. An End to Gender Based Harassment and Violence (15%)

Notably, 71 percent of women stressed that men play a critical role – either as allies in solutions or as barriers to progress.

What Business and Others Can Do
Globally, the pandemic wreaked havoc on women in the workforce, triggering a “she-cession” that cost 64 million jobs and at least $800 billion in income – the combined GDP of 98 countries.2  This mass exodus of talent and potential represents both a tragic loss and an undeniable social responsibility for business to lead the recovery by creating more opportunities for all women to thrive.

Based on key findings from #HeretoBeHeard, BSR – in consultation with gender experts from The Unstereotype Alliance, convened by UN Women, CARE, and the Geena Davis Institute on Gender in the Media – have provided eight practical recommendations to help break down barriers women face to achieving their full potential.

“Businesses often move quickly to offer solutions, but there is something quietly radical about asking an open question, taking the time to listen and then acting with women, not just on their behalf” said Christine Svarer, BSR Director, HERproject. “The recommendations included in the #HereToBeHeard report are relevant and useful to any company committed to advancing gender equity – but they are only a starting point. Transformational change ultimately requires continued engagement. By purposefully giving women a meaningful role in decision-making, they can help to create the programs and policies required to address the barriers facing women of all backgrounds and create a more equitable, inclusive world.”

Moving forward, Mars will leverage the insights from #HereToBeHeard – which includes more than 1,200 Mars Associate voices – to design and implement new policies and actions in service of the Mars Full Potential gender equity platform, launched in 2020.  Since then, Mars has taken a series of evolving actions to unlock opportunities for women in its workplaces, sourcing communities, and the marketplace. The business has confirmed gender pay equity across its global workforce of 133,000 Associates, half of whom are women. Among a set of other I&D targets, Mars set a goal of reaching 100% gender balanced leadership teams.3 In its first year, the business made notable progress against this goal, increasing the balance from 43% to 50% today. 

Victoria Mars, family member and ambassador of the Mars Full Potential program: “We heard from women around the world who shared their stories, their ideas, their ambitions, and their frustrations. It’s a simple question but the depth and breadth of the answers have been insightful, challenging and moving. Businesses must do their bit to make a difference. Mars remains deeply committed to this work and we encourage businesses, governments and more civil society partners to step up action and invest where it matters most. May their 10,000 voices be a powerful instrument for change.”

To help advance gender equity, listen, learn, do more: www.mars.com/heretobeheard
Together, we can ensure more women will reach their full potential.

THEMES, VOICES & INSIGHTS:

1.     An End to Systemic Discrimination and Harmful Gender Stereotypes (80%)
“A new system is needed: one where women are conceived as strong, respected, and with the same abilities as any human being, without any prejudice. Different possibilities are needed for each woman, including transgender, Indigenous, immigrant, single mothers.” — Mexico, 18–24 years old, self-employed, mixed race/ethnicity, bisexual

Many of the women mentioned the need to address patriarchal systems and norms permeating politics, sports, work, education, family, and social life. They stressed the need to change how society views women’s strengths and skills, recognizing that both women and men have a role to play in changing these mindsets. Women just beginning their careers, ages 18–24, were the most likely to mention this theme (87%), as were women in the U.K. (84%) and the U.S. (87%).

2.     Equal Career Opportunities (79%)
“Expectations about how to develop a senior career must change to give women the space to grow their career alongside their personal aspirations.” – France, 45–54 years old, employed full-time, heterosexual

Women responded saying equal career opportunities are critical to break the “glass ceiling” and “level the playing field.” Women called on government and company-led initiatives to drive this change, including the importance of mentors and sponsors along the way. The gender pay gap was widely mentioned alongside its negative financial impacts on women and their families. While women across geographies and from diverse backgrounds spoke to this theme, particularly high levels of Hispanic and Latina women mentioned it (88%).

3.     More Decision-Making Power (65%)
“More women need to be present in leadership roles across all industries. Women—and not just White women, ALL women.” – UK, 18–24 years old, employed full-time, Asian/Asian-British, heterosexual

African American and Black women were more likely to speak to this topic (75% compared to 65% for the global group) as were women from the U.S. and U.K., particularly in relation to needing more women of color and other underrepresented groups in positions of power.Responses indicate a desire to see more women in positions of power in governments, businesses, communities, and families.

4.     Support as Parents (30%)
“When a man works late, he’s providing for his family. When a woman works later, she’s abandoning hers.” – U.S., 35–44 years old, employed full-time, White, heterosexual

Lack of “Support as Parents” was consistently identified as a barrier to fully engaging as mothers, caretakers, and employees. Women stressed the need for adequate paid leave to care for their newborns, assurance that their career would not be impacted, and a culture that accepts and encourages all parents to take leave regardless of their gender. This theme stood out among employed women in the 35–44 age range and women in the U.K., who mentioned “Support as Parents” 20% more often than the global group.

5.     Greater Work/Life Balance (26%)
“For me, that means … safeguarding certain areas in my life.”  – UK, 35–44 years old, employed full-time

Mothers in particular called out the challenge of balancing personal responsibilities and paid work, with little flexibility around working hours, location, and expectations. Regardless of location, women between the ages of 25–44 were 23% more likely to mention this theme than other groups. Their solutions covered ideas such as allowing more flexibility at work, and a strong push to break the stereotypes of women as the only suitable caretakers by having men take on their fair share of care outside of work.

6.     Gender Equal Learning (24%)
“Misogyny and sexism are taught from the earliest moments and permeate through the rest of our lives at work, school, and everyday life. It needs to be nipped at the bud and that can only be done through generational work, seeing women get to work in any industry they want, and equalizing social and gender roles.”  — U.S., 18–24 years old, student, Black/African descent, lesbian

The importance of education free from gender stereotypes was cited as critical for girls to see themselves in roles and fields where women are still underrepresented, such as STEM. This topic was raised by roughly 20–30% of women across different age, geographic, or ethnic groups, with a slightly higher rate for women in the U.S. Women emphasized the need for gender-neutral participation in all activities (e.g., sports, science, tech) and stressed that boys, like girls, need to be taught that everyone can achieve what they set their minds to and are not limited by their gender. They called for more role models for girls from different careers to inspire the next generation of female leaders in all fields. Women in France (34%) had a much higher instance of this theme.

7.     Mental and Physical Wellbeing (19%)
“It’s common for women’s issues to be dismissed, overlooked, or downplayed by medical professionals, preventing women from receiving necessary treatment and support, which sometimes has fatal consequences….” – U.S., 25–34 years old, employed full-time, White, bisexual

Women called for better access to healthcare services for both “Mental and Physical Well-Being.” They cited difficulties receiving proper healthcare, situations that were often exacerbated for women of color or those who cannot afford proper care. Women called out their health as under-researched and underfunded, leading to undiagnosed illnesses or misdiagnoses. They stressed the need to have control over their bodies and have the ability to make the right decisions for themselves by having access to resources such as contraception and mental health support, control over their reproductive rights, and proper sex education. Women who were either fully employed or between the ages of 25–44 cited this more frequency than other groups.

8.     An End to Gender Based Harassment and Violence (15%)
“We need to be seen as people, not objects. We need to be heard and [we need people to] believe what we say when we do it. We need our decisions to be respected.” Mexico, student, bisexual

Greater accountability from governments and businesses are needed to implement laws and policies to protect women and hold perpetrators accountable for their actions. Respondents called on men to take accountability for and stop misogynistic thinking and behavior and asked them to actively call out violent words and behavior by other men to create safer environments for everyone. Women of all backgrounds mentioned this topic to varying degrees. Asian and Hispanic/Latina women (23%), women with a disability (28%), and LGBTQI+ women (33%) mentioned this topic more often and U.S. respondents were also more likely to raise this theme than the global average.

Women Said Men Can be Both Allies and Barriers to Progress
“Men need to change…. Men have to choose to be different on their own, and until that happens, I think it’s going to be very hard for women to reach our full potential.” –  U.S., 35–44 years old, self-employed, mental health/emotional disability, physical disability, Black/African descent, heterosexual

While the eight themes represent opportunities for specific programmatic or policy changes, the data analysis revealed one more trend: the role of men in achieving gender equity. Most women (71%) mentioned men as either a barrier or ally to achieve their full potential. Women were clear in their call for men to change and assume accountability for harmful and discriminatory actions against women. They stressed the need for men to step up at home and take on their share of domestic and care work, to speak up at work when they hear derogatory comments, and to make space for women’s voices to be heard.

QUOTES FOR ATTRIBUTION
Partner Quotes:

Michelle Nunn, Chief Executive Officer of CARE: “Mars’ #HereToBeHeard is a critically important platform to help elevate the issues women face every day in their struggles to achieve gender equality. CARE has worked with women and girls to combat the systemic drivers of poverty for decades.  Based on that experience we know that when there is gender justice and women use their power, equality, rights, and human dignity also prevail.”

Madeline Di Nonno, Chief Executive Officer of the Geena Davis Institute on Gender in Media: “The findings in the latest #HereToBeHeard report are unequivocal – the world has to change for women and girls to reach their full potential. One way in which businesses and brands can do that is by eradicating negative stereotypes of women and girls in media and advertising. Eliminating harmful bias in media advertising is not only the right and responsible thing to do, and companies and creatives that have invested in developing inclusive cultures and content will prevail.”

Professor Andrew Stephen, Associate Dean of Research, L’Oréal Professor of Marketing and Director of FOMI at Oxford Saïd: “The #HereToBeHeard research provides a number of very powerful findings. This should serve as yet another significant call to action for all of us to look at specific things that we can do in our organisations, institutions, and societies to address gender disparities so that we can break down the barriers that prevent women from reaching their full potential. The recommendations coming out of this research are practical, actionable steps that organisations can take. I’m proud that the Saïd Business School was able to contribute to this project.”

Sara Denby, Head of The Unstereotype Alliance Secretariat, UN Women: “#HereToBeHeard is a fantastic example of an evidence-based approach to driving impactful change. By listening to the lived experiences of women worldwide, this clear set of actions can help organisations develop a relevant path toward gender equality. The huge proportion of women who mentioned ‘an end to systemic discrimination and harmful stereotypes’ as an area for change (80%) underscores the need to ruthlessly scrutinise bias and challenge stereotypes wherever they occur. Advertising and marketing communications can dismantle some of the entrenched stereotypes that hold women back. This is a priority for women, and should be a priority for organisations too.”

ABOUT #HERETOBEHEARD
#HereToBeHeard is a global campaign from Mars, Incorporated which drives change on gender inequality, in support of Goal Five of the UN’s Sustainable Development Goals. It is part of Full Potential, the Mars platform for action on gender which aims to empower women and close the gender gap in the places we work, the communities where we source our ingredients and in the way we create our advertising.  For more information on the #HereToBeHeard report by BSR and an update on the Mars Full Potential platform please visit mars.com/heretobeheard

All women who responded to the #HereToBeHeard study gave permission to use their written and recorded responses.

ABOUT MARS, INCORPORATED
For more than a century, Mars, Incorporated has been driven by the belief that the world we want tomorrow starts with how we do business today. This idea is at the center of who we have always been as a global, family-owned business. Today, Mars is transforming, innovating and evolving in ways that affirm our commitment to making a positive impact on the world around us.   Across our diverse and expanding portfolio of confectionery, food, and pet care products and services, we employ 133,000 dedicated Associates who are all moving in the same direction: forward. With $40 billion in annual sales, we produce some of the world’s best-loved brands including DOVE®, EXTRA®, M&M’s®, MILKY WAY®, SNICKERS®, TWIX®, ORBIT®, PEDIGREE®, ROYAL CANIN®, SKITTLES®, BEN’S ORIGINAL™, WHISKAS®, COCOAVIA®, and 5™; and take care of half of the world’s pets through our nutrition, health and services businesses, including AniCura, Banfield Pet Hospitals™, BluePearl®, Linnaeus, and VCA™. 

We know we can only be truly successful if our partners and the communities in which we operate prosper as well. The Mars Five Principles – Quality, Responsibility, Mutuality, Efficiency and Freedom – inspire our Associates to take action every day to help create a world tomorrow in which the planet, its people and pets can thrive.  For more information about Mars, please visit www.mars.com. Join us. on Facebook, Twitter, LinkedIn, Instagram and YouTube.

1 https://www.weforum.org/agenda/2021/04/136-years-is-the-estimated-journey-time-to-gender-equality/
2 https://www.oxfam.org/en/press-releases/covid-19-cost-women-globally-over-800-billion-lost-income-one-year
3 Gender Balanced is defined as 40 – 60% of any one gender, in Leadership Teams with 5+ Associates

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Black Business Owners, Celebrities, Influencers, and Leaders Gather with Visa at CEO's Making Waves for Black Women in Business, Helping Corporations Fulfill Commitment to Equality and Inclusion

Black Business Owners, Celebrities, Influencers, and Leaders Gather with Visa at CEO’s Making Waves for Black Women in Business, Helping Corporations Fulfill Commitment to Equality and Inclusion

Two-Day Conference Provides Vital Resources for Black Women in Business

CEOsMakingWaves

OAKLAND, Calif.–(BUSINESS WIRE)–On October 26th and 27th, CEO’s Making Waves for Black Women In Business: Growth, Impact, & Community will kick off a two-day conference by welcoming Black women-owned businesses, industry leaders, and corporations in addressing the need for systemic change in leadership, gender, and race equality in a variety of different industries.

The two-day event will feature discussions from black business owners such as influencer Necole Kane – CEO/Founder of XONecole and Whitney Harper (Brand Manager/Creative Director for Rapper Sweetie) and (Host) Sports Broadcaster Rosalyn Gold-Onwude, along with many other amazing business professionals in different sectors who will share their insights on relevant topics and resources aimed at enhancing the approaches of Black professionals and CEO’s. By strengthening woman-owned companies within the Black community, CEO’s Making Waves will work on closing the 90% wealth gap faced by Black women in business today.

“This is a much-needed event to support the Black women in our communities starting in California with the large tech companies,” says Myeshia Jefferson, founder of Beauty Makes Cents LLC, a company dedicated to increasing entrepreneurial education through events, training, hands-on support, and empowerment.

Jefferson continues, “CEO’s Making Waves will help attendees tap into resources they may not know are available. Many black-owned businesses don’t need a handout, we need a hand up. As a Black entrepreneur, I understand firsthand the struggle of navigating the business world, and the challenges that Black women in business face to get access to the right people and positions that can open doors. Sometimes, we need more hands-on support to guide us to the next level. Many of the large organizations have the means and the resources to help.”

Aiming to connect start-ups and small business owners to companies with resources and mentors available for Black entrepreneurs, the event will act as a foundation for future growth and opportunities. Featuring an impressive lineup of keynote speakers, discussion panels, fireside chats, mentorship sessions, and workshops, CEO’s Making Waves will touch on a wide range of topics, such as entrepreneurship, intrapreneurship, the future of e-commerce, the entertainment industry, sports, wellness, women empowerment, and recruiting.

“This year will have virtual celebrity appearances from Akon, Niecy Nash, Tamar Braxton, and more; but next year we will host the event in-person where we can include interactive activities such as dancing, live music, and a yacht experience! We see this as a great opportunity for black women entrepreneurs to connect, network, and grow,” says Jefferson.

CEO’s Making Waves 2021 participants will also have the chance to win mentorships from top industry leaders through an exclusive guest contest. Organizations can make this an opportunity to build trust and loyalty, while more Black women gain access and support.

Registration is open to all. Remaining space is filling up quickly, so get your tickets soon! Visit CEO’s Making Waves to secure your tickets and learn more.

About CEO’s Making Waves for Black Women In Business

CEO’s Making Waves for Black Women in Business was created in effort to get corporations to walk the talk of addressing the need for systemic change in leadership, gender equality, and race equality by supporting women-owned businesses and professionals. We aim to economically empower 1,000 Black women in California by 2022 with an end goal of closing the racial wealth gap with the help of our future partners.

Contacts

Myeshia Jefferson

Info@ceosmakingwaves.com

Cross River and TechUnited Join Forces Propel Entrepreneurs and Empower More Small Businesses OutBuro lgbt professional entreprenuer networking online community gay lesbian transgender queer bisexual

Cross River and TechUnited Join Forces to Propel Entrepreneurs and Empower More Small Businesses in New Jersey

Cross River and TechUnited launch Women & Minority Business Owners Mentorship Cohort

Cross River is investing in its backyard by continuing to cultivate the NJ ecosystem through job creation, community partnerships and empowering the next generation of entrepreneurs

FORT LEE, N.J.–(BUSINESS WIRE)–Cross River Bank (“Cross River”), a technology-driven financial services organization that provides core infrastructure and embedded financial solutions and TechUnited:NJ, a membership-driven, non-profit organization that offers opportunities for tech-enabled companies and entrepreneurs to collaborate, today announced a groundbreaking partnership to propel the future of New Jersey by increasing support for small businesses and entrepreneurs in the state, particularly by providing additional resources to women and minority business owners.

“Our success at Cross River is emblematic of the growth of the New Jersey technology ecosystem, and we are humbled to play a part in cultivating, hiring, and investing in our backyard,” said Phil Goldfeder, SVP of Global Public Affairs at Cross River. “As one of the largest lenders in the Paycheck Protection Program (PPP), we safely and securely supported the smallest businesses who needed access to capital and this partnership with TechUnited demonstrates our continued commitment to our mission of serving the smallest businesses and entrepreneurs leading the next generation.”

As said by New Jersey Governor Phil Murphy in his welcome remarks at Propelify Innovation Festival: “This event reflects and amplifies the innovative spirit to which New Jersey is responding to a multitude of major challenges. As entrepreneurs and innovators, you continue to reinvent the industry and are critical to the New Jersey economy. Supporting women and minority small businesses through mentorship programs with Cross River… will both transform our state and maintain our commitment to creating a stronger and fairer New Jersey for every family.”

Cross River merges the forward-thinking offerings of a technology company with the established expertise of a bank, while maintaining a strong focus on regulatory compliance and consumer protection. As a New Jersey state-chartered community bank, Cross River has demonstrated firsthand how the state’s structure and support has played an integral role in propelling economic advancement, innovation, and increased investment opportunities. Cross River and TechUnited have been community partners for years, but this partnership is the first of its kind, encompassing a Women & Minority Business Owners Mentorship Cohort, resources for startups and emerging investors, community events, thought leadership and more to propel the greater New Jersey technology and business ecosystems.

The specialized mentorship cohort focuses on providing underrepresented founders and owners with new advantages, resources, and information. The cohort will provide mentorship from executives at Cross River, Amazon, RSM, Deloitte, EY, and more. Within the business community, where startups and small businesses are faced with immeasurable challenges, mentorship, guidance, and community visibility are crucial to provide lasting support. Beyond the 1:1 mentorship, the program also provided four cohort members with grants, subsidized by Cross River, to enable them to present at the Propelify Innovation Festival, on October 6, 2021 in Hoboken, New Jersey.

“Leveraging the TechUnited community and board, as well as our massive annual festival, Propelify, to truly support women and minority founders via this mentorship cohort is critical to the region’s success,” said Aaron Price, CEO of TechUnited. “For entrepreneurs who want to build their companies faster and smarter, this program is for you. We encourage anyone looking for guidance to ensure their business thrives to apply.”

In September of 2021, coming off the success of its 2020-2021 Paycheck Protection Program (PPP) Cross River launched Making Waves with Cross River, a campaign dedicated to small businesses and entrepreneurs. The campaign is specifically focused on supporting diverse small businesses who are serving their communities and creating jobs and encompasses a number of initiatives in conjunction with community partners including grant programs and small business support.

To learn more, and to get involved, please visit www.crossriver.com/making-waves.

About Cross River

Cross River is a fast-growing financial services organization that merges the forward-thinking offerings of a technology company with the established expertise and traditional services of a bank. Since its founding in 2008, Cross River has developed strategic partnerships with leading technology companies, marketplace lenders and payment providers, while maintaining a strong focus on regulatory compliance and consumer protection. Cross River provides a highly secure, API-based banking platform and comprehensive suite of products encompassing lending, payments, risk management and Banking-as-a-Service (BaaS) offerings to deliver responsible financial solutions that empower businesses and consumers anytime, anywhere. Cross River Bank is a New Jersey state-chartered FDIC insured bank. For more information, please visit Cross River’s website at www.crossriver.com or Twitter @crossriverbank.

About TechUnited

TechUnited:NJ (techunited.co) is a membership-driven, non-profit organization with over 500,000 innovator members that offers opportunities for tech-enabled companies and entrepreneurs to propel the future of New Jersey and beyond through events, mentorship, content creation, and more. Founded in 1996 as the NJ Technology Council (NJTC), the organization has established itself as the premiere advocate for the technology community in the region. In 2005, the NJTC helped start a successful venture fund in Tech Council Ventures. In 2019, the NJTC acquired the Propelify Innovation Festival to cast a wider net in the region’s startup community. In 2020, the organization rebranded as TechUnited:NJ and redefined its mission to empower innovators and entrepreneurs who build a better future for all.

Contacts

Cross River

Eden Hoffman

Phone: 201-808-7000 x538

ehoffman@crossriver.com

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Davis Wright Tremaine’s Project W Completes Inaugural Tech Equity Hub Virtual Accelerator Program

Impressive nationwide cohort featured 10 Black and Latinx female entrepreneurs

NEW YORK–(BUSINESS WIRE)–Davis Wright Tremaine LLP is pleased to announce the completion of Project W’s inaugural Tech Equity Hub virtual accelerator program, which provided 10 Black and Latinx female founders the tools, resources and connections they need to build successful companies.

DWT ProjectW lockup color square

“Tech Equity Hub is our newest initiative to unlock the power of pre-revenue tech companies founded by Black and Latinx women,” said Project W founder Lynn Loacker, partner-in-charge of DWT’s New York office. “These talented founders are innovating in education, healthcare and commerce to address some of the most intractable problems that underrepresented communities are facing. Without a doubt, these remarkable women will leave the world in a better place.”

The program’s full cohort included:

  • Tiffany Hosey – BuilDATAnalytics: Streamlining complex construction projects.
  • Laura Thomas – Effective to Great Education: Social emotional learning technology for underserved school communities.
  • Emily Brown – Free-From Market: Healthy food solutions to improve health and equity outcomes.
  • Sheena Franklin – K’ept Health: Virtual dermatological clinic providing culturally competent care.
  • Aireka Harvell – Nodat: Artificial intelligence to help small businesses drive sales.
  • Noelle Acosta – Noula: Affordable, at-home maternal wellness test kit and personalized pre- and postnatal care plans.
  • Mandy Bowman – Official Black Wall Street: Connecting consumers to Black-owned businesses.
  • Tope Mitchell – Reflekt Me: Personalizing ecommerce by size, body type, skin tone and hair texture.
  • Ashley Williams – RIZZARR, Inc.: Promoting brands through millennial- and Gen Z-created content.
  • Danielle Allen – Si · La · Bul: Video platform for cultural language learning.

During the 12-week program, which ended Sept. 30, the group engaged in workshops, one-on-one mentoring sessions, individualized coaching and tech deep dives, as well as community-building events. The expert faculty and accomplished mentors covered product design and evolution, marketing and sales, business strategy and finance, growth, legal, fundraising and personal development. All of the experts, investors and mentors were committed to help the founders build successful companies. Partners that generously shared their expertise and resources included Coalition Venture Studio, M12 (Microsoft’s venture capital fund), R/GA Ventures, Stripe and U.S. Bank.

“Tech Equity Hub was immensely helpful in solidifying my team’s growth. I love how the program focused on the development of every single department within a company,” said Ashley Williams, founder and CEO of RIZZARR, a tech-enabled content marketplace in which brands can find and work with over 5,000 millennial and Gen Z content creators worldwide. “I really think it’s so wonderful that these programs are being created to help women of color. There’s a lot of conversation going around about what women of color go through with startups, funding, and more, and until now, it’s been a lot of talk: Project W actually put it into action.”

Noula founder and CEO Noelle Acosta added: “As a founder, my background has mainly been in business development and go-to-market strategy, so getting exposure to so many different components of the startup journey has been really helpful. The most helpful part, for me, of Tech Equity Hub has been the fact that the faculty and mentors took the time to understand where I’m at in my startup journey as well as what I do well. I was paired with an investor and a mentor in my field who taught me practical and tangible skills.”

BuilDATAnalytics founder and CEO Tiffany Hosey said: “Tech Equity Hub was organized in a way that I never felt we were being shorted on any programming. For the entire program to focus on women of color, specifically Black and brown, and for Project W to pour all of the resources into the programming, it really felt like there was a sincere commitment to see all of us succeed. No other program in which I’ve been involved – from start to finish – has been comparable.”

About Project W

Project W is Davis Wright Tremaine’s commitment to help women build great companies, advance their careers and achieve parity in the boardroom and the workplace. Through its programming, partnerships with like-minded organizations and national network of over 2,500 founders, investors and executives, Project W is moving the needle in closing the gender equality gap and in advancing the careers and lives of women. For more information, visit https://www.dwt.com/about/project-w.

About Davis Wright Tremaine

Davis Wright Tremaine LLP is an AmLaw 100 firm with more than 600 lawyers representing clients based throughout the United States and around the world. For more information, visit www.dwt.com.

Contacts

Leora Goldfarb

Baretz+Brunelle

Lgoldfarb@baretzbrunelle.com

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 Women Small Business Owners Say They’re Happier Than Ever Being Their Own Boss, Despite Work/Life Balance Struggle and Ongoing Challenges

  •  According to a new Groupon survey of more than 600 women small business owners, 94% are happier than ever being their own boss
  • 64% of women small business owners reported they make just as much or more money than they did before running their own business
  • 76% of women who own their own business said they work more than the standard 8-hour workday, with the average owner working 12 hours a day
  • New Jersey, New York, Massachusetts, Ohio and California identified as the top states for minority women to state a business

CHICAGO–(BUSINESS WIRE)–Groupon, the go-to destination for local experiences, is encouraging everyone to celebrate October’s National Women’s Small Business Month. To make it easy to support and shop at women-owned businesses, Groupon is featuring approximately 2,000 women-owned businesses from across the United States. Groupon spoke with more than 600 women small business owners from around the United States to better understand why they decided to become their own boss and how they have remained resilient during the global pandemic.

WSBM infographic
Groupon Logo

Women Small Business Owners Say They’re Held to a Different Standard than Men

According to the survey results, women small business owners continue to face systemic challenges as a result of their gender. Fifty-four percent of women small business owners said they’re held to a different standard than their male counterparts when it comes to accessing capital, acquiring mentors and being taken seriously by their peers. Fifty-four percent of survey respondents also said that it’s harder for them to balance work and family life.

Women Put in the Work to be Their Own Boss

Despite these obstacles, nearly all women small business owners––an overwhelming 94%––are happy with their choice to work for themselves and ready to overcome any challenges thrown their way. Seventy-six percent of women small business owners work beyond the standard 8-hour work day, with the average owner working 12 hours a day. And this hard work is paying off, as 64% of women small business owners said they make as much or more money than they did before opening their own business.

“As one of the largest marketplaces of women-owned small businesses anywhere in the world, we’re excited and encouraged by the progress these entrepreneurs are making, and we’re focused on opening up new opportunities for women –– both internally and externally –– to create a Groupon that’s reflective of the world we want to live in,” said Groupon’s Chief Financial Officer Melissa Thomas. “We’re extremely proud of the fact that nearly 60%* of the small businesses on Groupon are owned by women, and we’re committed to ensuring these merchants come out of the pandemic stronger than ever.”

Increasing Awareness and Support for Women-Owned Businesses

According to the survey results, women small business owners have a clear plan and path to drive revenue and accelerate their recovery from the pandemic. The top ways that women-owned businesses are looking to increase profits are the following: growing their social media presence, leveraging sales, expanding inventory, taking advantage of government or small business organization loans and resources and running paid advertising campaigns.

Even before the start of the pandemic, many states invested heavily in education and financial programs to help foster the development and success of small businesses. After the pandemic hit, many states stepped up to help the businesses impacted by movement restrictions in the form of deferring sales tax payments and increasing financial support through state grants.

Groupon asked women small business owners to score their state based on three criteria: how easy it is for women to start their own businesses, support offered to women of color to start their own business and resources provided to help women-owned businesses recover from the pandemic. Based on the survey results, some states consistently showed up as going above and beyond for women entrepreneurs:

  • New York, New Jersey, Massachusetts, Florida and Ohio were the top states for women looking to start their own business.
  • New Jersey, New York, Massachusetts, Ohio and California were identified as the top states for minority women to state a business.
  • New York, Massachusetts, New Jersey, Florida and Colorado were the top states when it came to helping women-owned businesses recover from the devastating impact of COVID-19.

Taking Action

Groupon is urging consumers to celebrate National Women’s Small Business Month by supporting women-owned businesses in their local communities as well as by making a donation to help provide new women entrepreneurs with much needed capital. To find a women-owned business that you can support in your community, please visit gr.pn/wsbm.

*June 2021 Merchant Satisfaction Survey. Survey of active merchants conducted June 8-23

About Groupon

Groupon (NASDAQ: GRPN) is an experiences marketplace where consumers discover fun things to do and local businesses thrive. For our customers, this means giving them an amazing selection of experiences at great values. For our merchants, this means making it easy for them to partner with Groupon and reach millions of consumers around the world.

Contacts

Groupon

Nick Halliwell

nhalliwell@groupon.com

Allison & Partners

Lexi Holden

groupon@allisonpr.com

For more media assets please visit here.

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Volt and CEO Linda Perneau Win 2021 Stevie Awards for Women in Business

ORANGE, Calif.–(BUSINESS WIRE)–Volt Information Sciences, Inc. (“Volt” or the “Company”) (NYSE-AMERICAN: VOLT), a global provider of staffing services, today announced that it has been awarded two Silver Stevie® Awards. The Company won Women-Run Workplace of the Year and Linda Perneau, President and CEO, won Female Executive of the Year – Business Services, in the 18th annual Stevie Awards for Women in Business 2021.

The Stevie Awards for Women in Business honor women executives, entrepreneurs, employees, and the companies they run – worldwide. The Stevie Awards have been hailed as the world’s premier business awards. For more information, visit https://stevieawards.com/Women.

“On behalf of Volt, I am delighted to be recognized by The Stevie Awards for our laudable efforts over the past year,” said Ms. Perneau. Having overcome extraordinary challenges in 2020, we are proud of our continued positive results and sustained growth through 2021. Being named to these awards in two categories acknowledges not only my own commitment to positive momentum but the tireless efforts of every Volt employee who delivers excellent service to our clients and candidates every day, all of whom are deserving of equal opportunity for advancement in the workplace.”

About Volt Information Sciences, Inc.

Volt Information Sciences, Inc. is a global provider of staffing services (traditional time and materials-based as well as project-based). Our staffing services consist of workforce solutions that include providing contingent workers, personnel recruitment services, and managed staffing services programs supporting primarily administrative, technical, information technology, light-industrial and engineering positions. Our managed staffing programs involve managing the procurement and on-boarding of contingent workers from multiple providers. Volt services global industries including aerospace, automotive, banking and finance, consumer electronics, information technology, insurance, life sciences, manufacturing, media and entertainment, pharmaceutical, software, telecommunications, transportation, and utilities. For more information, visit www.volt.com.

Contacts

Investor Relations Contact:
Volt Information Sciences, Inc.

voltinvest@volt.com
Joe Noyons

Three Part Advisors

jnoyons@threepa.com
817-778-8424

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Citi Announces New Impact Fund Investments in Seven Companies

Half of New Portfolio Companies Include Women-Owned, Black-Owned, and LGBT-Owned Businesses

NEW YORK–(BUSINESS WIRE)–Citi announced today its next round of investments through the Citi Impact Fund, a $200 million fund launched last year to invest in companies that are addressing some of the biggest societal challenges, including workforce development, financial capability, physical and social infrastructure, sustainability, and access to capital and economic opportunity.

The new companies included in this round Daylight, Flume, Jetty, Lacuna, Pathstream, Recycle Track Systems, and Stackshare. To date, this brings the Impact Fund’s total number of investments to 23 companies – more than half of which are founded by women and/or minorities. The Citi Impact Fund’s Black Entrepreneurs Investment Initiative – a $50 million capital commitment from Citi to reduce the wealth gap by creating equitable access to venture capital funding for Black founders – has made nine early-stage equity investments in tech-enabled ventures led by Black founders.

“The portfolio of the Citi Impact Fund keeps growing as we continue to find inspiring companies that are taking on solutions for the physical, financial and social infrastructure challenges that our communities are facing,” said Ed Skyler, Head of Global Public Affairs at Citi. “From addressing lack of internet access to reducing the burden of medical care, these companies are rethinking what’s possible, and we are proud to deploy our balance sheet in support of true ‘double bottom-line’ companies.”

“Home broadband in the U.S. lags far behind in both competitive options and fiber penetration compared to many other countries, and the events of the last 18 months have really highlighted how this disproportionately affects lower income communities across the U.S. in both urban and rural settings,” said Prashanth Vijay, Co-founder and CEO, Flume Internet. “Flume is working to bridge this digital divide by bringing premium fiber services to overlooked locations in major cities. We’re excited to work with Citi, who has been a critical partner in this vision and is powering us to not only deploy but also educate residents about the benefits and most productive ways to use their fiber connection.”

“Our mission is to help the millions of working adults in the U.S. who are looking to transition to economically stable and personally fulfilling careers but have hit a dead end by offering a fast, flexible, and guided educational experience providing a direct path into higher skill roles,” said Eleanor Cooper, Co-Founder, CEO, Pathstream. “Individuals come to us to get in the doors of employers, and employers come to us as a solution for attracting, retaining, and upskilling their frontline workforce by providing digital skills & promising career pathways to historically high-turnover, dead-end jobs. We’re thrilled to have Citi on board, both because of their history supporting innovative education and for their partnership in promoting equity issues more widely.

  • Daylight is a New York, NY-based company and the first and only digital banking platform in the U.S. specifically designed for the LGBT+ community by the LGBT+ community. Led by LGBT+ entrepreneurs and co-founders Rob Curtis (CEO), Billie Simmons (COO) and Paul Barnes Hoggett (CTO), Daylight offers a holistic set of financial products, tools and advice to help the LGBT+ community simplify banking. Daylight’s flagship products and services have been designed to improve financial equality and inclusion for the estimated 30-million-plus Americans who identify as LGBT+, a large, untapped market.
  • Flume Internet is a minority-founded internet service provider that enables high-speed low-cost internet access by leasing unused networks from cities and utilities. Based in New York, NY, Flume builds and installs optical edge technology designed to access these unused fiber assets in order to provide home broadband options for urban and suburban communities at low to no cost. Flume provides broadband access to customers along with premium WiFi management via tiered subscription options ranging from $35 – $50. The company will be expanding service to other cities on the East Coast in 2022 and strives to accelerate fiber to the home deployments all across the US.
  • Jetty is a New York, NY-based financial services company on a mission to make renting a home more affordable and flexible for everyone in a way that benefits both property owners and renters. Using a deposit replacement product (Jetty Deposit) as well as a flexible rent payment product (Jetty Rent) property managers can increase lease conversion, reduce bad debt, and streamline operations. For the renter, Jetty products lower the barriers to renting, saving residents thousands of dollars and providing them with flexible rental payment structures.
  • Lacuna Technologies is a software company based in Palo Alto, CA, and it builds and manages open-sourced digital tools that allow cities and municipalities to create, communicate, and enforce dynamic transportation policies. Streets are packed with new forms of mobility – delivery services, rideshare vehicles, and even drones. Lacuna’s solutions, built on open-source technology, give cities a full and reliable picture of how their roads and airways are changing so that they can create evidence-based policies to address congestion, pollution, access and safety issues, and more. Lacuna paves the way for commercial operators to integrate their modern technologies into cities equitably in a way that works for everyone long-term.
  • Pathstream supports working adults to transition into high-demand digital skill careers by providing best-in-class online education and job placement. Headquartered in San Francisco, Pathstream builds programs in fields such as data analytics and project management in direct partnership with industry-defining work-tech companies. Pathstream’s programs have been increasingly used by Fortune 100 employers as a competitive advantage to recruit, retain, and upskill their frontline workforce.
  • Recycle Track Systems (RTS) is an environmentally-focused, technology-enabled provider of waste and recycle management services for commercial, public and private entities. Founded in New York City, RTS uses a software platform and proprietary tracking system, leveraging a network of partner haulers, to track materials as they travel to recycling or composting facilities and provides companies with reports that show how much material was diverted from landfill, recycled, and composted. RTS’ objective is to treat waste like a commodity and keep that material in the virtuous cycle from waste generation to its final destinations, contributing to the circular economy.
  • StackShare is a San Francisco, CA-based enterprise software-as-a-service (SaaS) company that provides tech stack collaboration for developers. StackShare has a community of more than one million developers and over 40,000 companies that have shared the tech stacks they use. StackShare utilizes a freemium model, offering developers free access to the platform as well as an enterprise subscription tier for companies, which helps companies automatically map out, document, and discuss all the tech stacks being used across their internal engineering teams through deep Git integration. It gives companies real-time visibility into their tech stack inventory, tech data for engineering planning & coordination, and tooling to drive internal collaboration – enabling engineering teams to save hundreds of engineering hours, reduce their potential attack surface, and more easily coordinate with governance and compliance teams.

The Citi Impact Fund is a component of Global Public Affairs’ Community Investing and Development team, which aims to enhance positive social impact and financial innovations that benefit underserved communities around the world. Through equity investing, lending and grant making, Citi and the Citi Foundation are working in new ways to effect positive and meaningful change in the communities around the world including Action for Racial Equity, which committed more than $1 billion in strategic initiatives to help close the racial wealth gap and increase economic mobility in the U.S. Additionally, Citi has committed $1 trillion to sustainable finance by 2030, which includes $500 billion to support activities in support of the SDGs outside of environmental finance – including education, affordable housing, health care, economic inclusion, community finance, international development finance, racial and ethnic diversity and gender equality.

To learn more about the Citi Impact Fund, visit citi.com/impactfund. For more information on how Citi is enabling progress and sustainable growth in communities around the globe, view Citi’s Environmental, Social and Governance (ESG) Report at https://www.citigroup.com/citi/about/esg/.

Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.

Contacts

Media Contact:

Victoria Ifan

Victoria.ifan@citi.com

California New Energy Companies Fail Contract with Minority Owned Businesses - OutBuro LGBT professional entrepreneur online networking community gay lesbian bisexual transgender queer supplier diversity

California Hispanic Chambers Of Commerce Demand Accountability As Recent Report Reflects California’s Newest Energy Providers Are Woefully Behind In Contracting With The State’s Diverse Small Businesses

Measures by energy providers to expand minority supplier participation are dismal and extremely disconcerting

SACRAMENTO, Calif., Aug. 26, 2021 /PRNewswire-HISPANIC PR WIRE/ — A recent report commissioned by the California Hispanic Chambers of Commerce (CHCC) has revealed that California’s Community Choice Aggregators (CCAs) are woefully behind in contracting with the state’s diverse small businesses. Community Choice Aggregators are a much newer set of energy agencies regulated by the California Public Utility Commission (CPUC). The report, Failure to Diversify found that CCAs contracted with diverse firms for less than 0.1% of purchases, cutting women, minority, disabled veteran, and LGBT business enterprises out of $1.2 billion of economic opportunity when compared to investor-owned energy utilities.

California Hispanic Chambers of Commerce

“California is home to the nation’s largest and fastest growing segment of diverse small businesses,” said Julian Canete, President and CEO, CHCC. “We are extremely concerned at the lack of progress in procurement opportunities for those small businesses as set forth and required by General Order 156, adopted by the CPUC.  Despite being a critical part of California’s economic post pandemic recovery, small and diverse owned businesses have missed out on $1.2 billion in contracting opportunities, a situation that is unacceptable and must be remedied now.”  

Passed and adopted in 2002, Assembly Bill 117 authorized cities and counties to form their own agencies to procure electricity for individual customers within their own jurisdiction. These agencies, called Community Choice Aggregators compensate regulated utilities for the cost of electricity transmission and distribution to CCA customers. California’s first CCA, Marin Clean Energy, launched in 2010 and today there are 14 different CCAs around the state that are registered with the California Public Utilities Commission (CPUC).

“For more than three decades, General Order 156 has proven that when women, minority, and other diverse businesses finally get the opportunity to compete, they often beat their competition,” said Senator Steven Bradford (D-Gardena), the author of several measures expanding supplier diversity requirements. “But it is clear that CCAs must step up on diverse procurement if they want the moral as well as economic leadership positions they want. Their lack of meaningful diverse spending shows they are not creating real jobs or contracting opportunities. The only diversity they seem to represent is in the communities that they claim to serve, but actually take advantage of. Much more must be done, and I appreciate that this report focuses attention on the need to increase GO 156 procurements across all providers, particularly from CCAs.”

In 1988, the California Public Utilities Commission (CPUC) adopted General Order 156 in response to calls from policy makers and the public to increase opportunities for diverse small businesses to contract with corporations regulated by the CPUC. General Order 156 requires energy utility, water and telecommunications companies overseen by the CPUC to provide an annual report of their percentages of contracts given to women, minority, disabled veteran, and LGBT business enterprises, collectively referred to as “WMDVLGBTBE firms.”

Recognizing that promoting the interests of diverse businesses strengthens the overall state economy, GO 156 Section 8 set forth procurement goals for regulated utilities, requiring that companies establish plans to purchase at least 21.5% of each major category of products and services from diverse outside vendors, including 15% for minority-owned firms, 5% for women-owned firms, 1.5% for disabled veteran-owned firms, and goals to be established for LGBT-owned firms. In 2020, the state’s four large, regulated energy utilities contracted with WMDVLGBTE firms for 39% ($8 billion) of a total of $20.6 billion of products and services.

“CCA’s have been around for almost 20 years so it was shocking to see supplier diversity outcomes this low,” said José Atilio Hernández, Chairman of IdeateLABS, a statewide policy think tank issued the report commissioned by the Hispanic Chambers on the Failure to Diversify report. “As of 2020, California law requires CCA’s to take an initial step toward meeting CPUC requirements to contract with diverse businesses by requiring reporting of outcomes. Now that we see the numbers, it is clear that additional action is required for CCA’s to make meaningful progress toward meeting the state’s equity contracting goals.”

Following the 2019 expansion of G0 156 reporting requirements to CCAs through Senate Bill 255, CCAs filed their first Supplier Diversity Procurement Reports in 2021. The result was a dismal less than 0.1% of purchases, clearly cutting WMDVLGBTE businesses out of $1.2 billion of economic opportunity when compared to investor-owned energy utilities.

The CHCC is demanding the CCAs rectify this abysmal situation immediately and recommends the following steps for the consideration of regulators and policy makers if CCAs are to meet the CPUCs 21.5% diverse contracting goal or match the 40% average seen by CPUC-regulated investor-owned energy utilities,

  • Require GO 156 Contracting Goals for CCAs. The Legislature stopped short of requiring the same 21.5% diverse contracting goal contained in GO 156 for CCAs. As a result, CCAs stopped well short of that contracting goal, procuring less than 0.1% of total procurement through WMDVLGBTE firms. CCAs therefore must be included in GO 156.
  • Public Hearing on CCA Supplier Diversity. These findings regarding 2020 supplier diversity outcomes should be subject to a CPUC hearing to elicit feedback and guidance on how to help CCAs meet the diverse contracting goals of GO 156, especially as the Legislature and Commission considers our recommendation to include CCAs in GO 156.
  • A Moratorium on New CCAs. Until CCAs are formally brought into the GO 156 Supplier Diversity Program, we recommend a moratorium on creating any new CCAs. These agencies have advanced policy conversations around the need to accelerate progress toward our renewable energy and climate change objectives. But these efforts cannot come at the expense of the state’s diverse small businesses, who we see losing out on billions of dollars as CCAs take on more procurement responsibilities in the energy supply chain.

About the California Hispanic Chambers of Commerce
The CHCC, through its network of over 103 local Hispanic chambers and trade associations, represents the interest of over 815,000 Hispanic businesses in California. For over forty years, the CHCC has served as the nation’s leading regional Hispanic business organization. The CHCC works to bring the issues and needs of Hispanic-owned businesses to the forefront of the California and national economic agendas.

About IdeateLABS
IdeateLABS is an interactive non-profit think tank that provides real time solutions to clients and partners. It’s an idea generator to policymakers, practitioners, research institutions, and stakeholders.  We use real intelligence, in real time to develop and visualize policy solutions to effectively communicate solutions to policymakers. We measure the impact of policy, investments, and business development to deliver a real time analysis.

Contact: Robert Alaniz
Milagro Strategy Group
(626) 437-3354
ralaniz@milagrosg.com

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SOURCE California Hispanic Chambers of Commerce