(Part 2 of 4) Black women are the fastest-growing demographic owning their own businesses but face extraordinary funding hurdles in order to maintain them.
Bl black women are the fastest growing group of entrepreneurs, but face a major hurdle when comes to starting and maintaing their businesses.
Danya bacchus takes a look at how one organization is helping to close the funding gap.
Nats&"hi, alyssh here, founder of curly me."
Alyssha dairsow is the founder of salt lake city based curly me!-a non-profit focused on educating, empowering, and encouraging young black girls.
"i wanted to mak sure that our girls knew they were valued."
Tenisha hicks owns isha esthetics and wellness-a pre and post-op recovery spa in murray, utah.
"i just worked an worked build up my name my credibility the two women run very different businesses but share a common experience-lack of funding.
"a lot of m funding was just self-made."
The number of women owned businesses grew 21 percent from 2014 to 2019-numbers for black women grew even faster at 50 percent.
Yet, kimmy paluch, with venture academy beta boom, says black women receive less than one percent of venture capital.
"instead of askin them about upside, we're asking about downside, like tell me how this is going to go wrong.
So just throughout out, just so many roadblocks and obstacles that are preventing women and black women specifically from getting funding to combat the disparity--beta boom developed "new pattern utah.
The movement joined with three other organizations to provide grants ÁandÁ mentorship for black women led businesses in the state.
"both of you hav been selected to receive our grant for the new pattern program."
Alyssha and tenisha are two of their inaugural recipients.
"these masks ar hiding pure excitement" new pattern is looking to expand their program nationwide to give businesses--like curly me!
And isha esthetics and wellness-access to the funding they need to thrive.
Danya bacchus, cbs news, los angeles.
New pattern has also launched in chicago.
Since the killing of george floyd, other investment and grant-making firms have also joined the movement to support black owned businesses.
The cbs series Áa more perfect unionÁ aims to show that what unites us as americans is far greater than what divides us.
This morning, a boarding school in washington, d-c that's helping at- risk children stay safe and thrive.
At monument academy, the head of school is a driving force in fighting homelessness.
He's pushed to keep the doors open, even during the pandemic.
Jeff pegues has been following this story for more than nine months.
After nearly seven months, monument academy ?
Ádoors openÁ good morning good morning opened its doors again.
Parents brought their children back...to a school..
That khamari says is a refuge it's a whole lot of people out here getting shot -- that's little kids.
Khamari is one of seven kids his mother raises alone while working multiple jobs.
Is school an escape for you?
In what ways?
For this note to the service will have great fun race in the springtime clothes that closed to the extent that it's too early to tell how success bringing the students back in the building the air still learning with her lap tops and teachers are not yet allowed to class i the upside this is a safe space for students like crystal we much for the work read the mission is to keep the doors to protect the students needed most will bring them into seven days seven so that they can that you will not find that would want to be back the students wanted to go home but the goal of the program is to expand the number of students returning to the school thanksgiving at all about of course depends on the pandemicfiguring things out.