We all want better lives for ourselves our families, and those in our community.
But the path to get there is longer and more challenging for those who are historically excluded.
We believe everyone should have access to the tools and resources that help build generational wealth like a well-paying career or the ability to start a business.
Unfortunately that’s the not the case.
Business owners typically earn 2.5x more than non-business owners, regardless of race.
But despite the fact that Black and Latina women start businesses at the fastest rate of any group in this country, they continue to face disproportionate barriers to accessing capital, finding mentors and growing their businesses.
Black workers are five times more likely to be unemployed even compared to white workers with the same education level.
In addition, Latinx workers face higher unemployment rates and lower pay.
But there is an ecosystem of organizations working to level the playing field.
Truist Foundation will intentionally distribute resources into this ecosystem.
Catalyzing nonprofit organizations doing the hard work developing solutions and opening doors.
Together, we’re strengthening small businesses and building career pathways to economic mobility through community-led solutions that build better lives and communities.