November 27, 2023
The 2023 One Million Black Women Cohort Is In Session!
With One Million Black Women Cohort, Goldman Sachs is empowering Black women sole proprietors to seize the keys to a wealthy future.
With One Million Black Women Cohort, Goldman Sachs is empowering Black women sole proprietors to seize the keys to a powerful and wealthy future. The 2023 class is in session!
According to the global financial services company, investing in Black women is “one of the fastest ways to accelerate change and effectively begin to address the racial wealth gap.”
Thanks to partnerships with Black women-led organizations and other partners, Goldman Sach’s One Million Black Women commits $10 billion in direct investment capital and $100 million in philanthropic support for the ambitious cause.
In addition to the capital, the initiative also aims to address the dual disproportionate gender and racial biases that Black women have faced for generations. Goldman Sachs emphasizes that their investment is “grounded in the stories, voices and experiences of Black women.”
“Black women are facing a multitude of roadblocks, barriers, and impasses as they start, grow, and scale their businesses,” Dr. Artika Tyner, founder of Planting People Growing Justice, wrote in the Monitor. “According to Goldman Sachs’ research in ‘Black Womenomics,’ only 0.5% of single Black women own their own business. This rate is 24 times lower than single white men. Goldman Sachs is changing the trajectory of Black woman-owned businesses by creating a pathway for business success through their One Million Black Women program.”
As a member of the cohort, business owners will experience a 10-week online business education program, in-person learning at Goldman Sachs in New York City, and strategic advising. They will also receive a $2,000 stipend to help along the way and access to a resourceful network.
Take a look at four Minnesota-based Black women-owned businesses currently in the 2023 One Million Black Women Cohort.
KOBI CO.
Self-care is a whole vibe for this candle company. Founded in 2020 by 17-year-old Kobi Gregory, she and her mother invite you to join the crew and curate little moments of luxury and self-care no matter where you are. From bath bombs, bath salts, and sprays to hand-poured candles; set your vibe with intoxicating scents. Want more? Candles are even paired with a musical playlist.
NOSH POSH
Nosh Posh reimagines healthy convenience with an innovative product line of snack boxes sourced exclusively from BIPOC and women vendors. From improving the supply chain to rethinking daily operations, the team at Nosh Posh delivers snacks directly to your doorstep or office, and their fresh food vending machines provide on-demand access to whatever snack you might be craving.
PLANTING PEOPLE GROWING JUSTICE
For Planting People Growing Justice, readers are leaders. It is important for the organization to dismantle the pipeline to prison by promoting literacy and diversity in books. Founder and educator Artika Tyner is passionate about planting seeds of social change and creating a world of inclusive leaders. Through the “Leaders are Readers” and author read-aloud programs, PPGJ encourages and empowers Black children to find joy in reading.
REVERING LAW OFFICE
Attorney Calandra Revering has led the Revering law office for over two decades. She represents clients in criminal defense, family law, civil and family mediation, and conducting neutral workplace employment investigations. The team strives to achieve justice and equality, advocating for fair policies and representing juvenile defendants on a pro bono basis.
One Million Black Women applications are currently closed. Stay updated on the details for next year.