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2020 has been a difficult year, to say the least. And while all of us have had to make sacrifices, adjustments, and do our best to adapt to a COVID world, it's clear that women continue to carry a heavier load when it comes to the sweeping impacts of the pandemic.
As such, this week’s Women’s Entrepreneurship Day serves as a fantastic moment to both celebrate women’s success in starting and growing businesses and shine a light on the unique challenges facing women founders amid the pandemic, especially Black women and other entrepreneurs of color. Black and Latinx founded companies have seen a decrease in funding, adding to the disproportionate impact this pandemic has had on communities of color across all fronts.
But there are some promising signs of late. New data from the US Census Bureau indicates the number of Black-owned businesses is starting to rebound. We need to ensure these positive gains hold by not only helping women-owned businesses launch but also thrive once they’re off the ground.
PS — Breaking Good will not arrive in your inbox next week as our team takes a break and reflects on all we have to be grateful for (including our loyal newsletter readers!).
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"We are building for the long term in South Florida, developing a forward-thinking, collaborative, creative baseball operation made up of incredibly talented and dedicated staff who have, over the last few years, laid a great foundation for success.” - Kim Ng, the MLB's first female GM |
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US Sustainable and Impact Investing Trends |
Sustainable investing assets in the US grew 42% in the last 2 years, reaching $17.1 billion at the start of 2020. The amount represents a third of the $51.4 trillion professionally managed assets in the US, according to US SIF Foundation’s new report. |
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Has COVID changed ESG investing? |
“[The pandemic] makes us think about our responsibilities to the future – the kind of planet we will be leaving to our grandchildren and that points to ESG investing.” - Terence Moll, head of investment strategy at 7iM |
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INCLUSIVE ENTREPRENEURSHIP |
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Outperformance Linked to Women in Management |
A new study by Goldman Sachs found that companies with more women in management and board positions outperformed their more male-led counterparts by 2.5% a year. Data continues to show that women in business are good for business. |
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The 6 Words that Diversified the Applicant Pool |
Now more than ever, it's crucial to ensure women are represented in applicant pools. The UK division of Zurich, an insurer, found that women made up a larger share of applicants for its top jobs when the company used gender-neutral language and advertised 80% of its open positions as "part-time, full-time, job share or flexible working" opportunities. |
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America the Beautiful |
In National Geographic's new book American the Beautiful, changemakers across our nation and six territories reflect on their home states. Read a few highlights from singer-songwriter Jewel, author Tara Westover, Congressman Gregorio Kilili Camacho Sablan and more. |
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Influencing Young America to Act |
While not on the ballot, civic engagement won big this election. According to research from Cause and Social Influence, 75% of young Americans said that voting was “extremely” or “very” important and 76% of them said they voted. |
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