"Being new to owning and building a business, Michigan Tribe was instrumental in helping me connect with other female entrepreneurs who were on their own unique journeys. These connections have become friends, mentors, and resources for me to learn from and help take my business to the next level."
Amy Proffitt / Owner & Co-founder, Come to Your Effin Senses
FUNDING WOMEN-OWNED BUSINESSES
Data source: Startup Nation
Data source: AAUW
Data source: Fundera
2x
MEN ARE TWICE AS LIKELY TO RECEIVE $100K OR MORE IN FINANCING THAN WOMEN
2x
Women are more likely to bootstrap due to fewer financing options, plus they're are twice as likely to report having little to no support system. Yet, they're probably still feeding babies, keeping the house tidy, and showing up to Thanksgiving with a passing dish. #superwoman
35%
PRIVATE TECH COMPANIES RUN BY WOMEN HAVE A 35% HIGHER RETURN RATE THAN THOSE RUN BY MEN
Women are less likely to receive funding from sources such as banks, investors, and savings not because they're less capable, but because of a pay gaps, gender roles, and biases. Period.
$0.61-$0.82
FOR EVERY $1.00 EARNED BY A WHITE MAN, BLACK WOMEN EARN $0.61 AND WHITE WOMEN EARN $0.82
Over ten years, Black women make $8,112 less and White women make $3,744 less than their White male counterpart. That's a down payment on a storefront!
"I remember seeing Michigan Tribe pop up on Instagram before I was a small business owner, and thought it was great that women in our community had this as a resource. Fast forward to starting up my biz - I was finding as many local accounts to follow as I could, and bam, there you were again. Your support from the start has been amazing (hello personal mailing list tips!), and as soon as I learned about your grants over the summer, I made it a goal. Now here I am, a funding course graduate and a grant winner!"
Elizabeth Spisich / Founder, Wonder & Wander - Jackson