A new program launched in Kansas City is aiming to promote equity, fairness, and equal opportunity for women looking to start a small business. The program, launched by a local financial firm, is designed to close the gender gap in investments available to female entrepreneurs.
Two sisters, Casey and Sloan Simmons, faced challenges when trying to open their own retail store 28 years ago. Banks were hesitant to loan them money or provide investments, asking intrusive questions about their personal lives instead of focusing on their business plans.
Despite the challenges they faced, the Simmons sisters were determined to succeed and opened their store with the help of a small loan from a local bank. Today, their store is thriving and has become an iconic landmark in the city.
Women-owned businesses make up a significant portion of all businesses in America, growing at a faster rate than those owned by men. Despite this growth, challenges persist for female entrepreneurs. H&R Block’s “Fund Her Future” program aims to address these challenges by offering grants totaling $100,000 to five female business owners.
Businesses that are at least 51% owned by women can apply for the program, which will provide not only financial investments but also free business consulting services. The goal is to help these women overcome obstacles and watch their businesses thrive.
According to a report by H&R Block and Wells Fargo, Kansas is among the top 10 worst states in America for women to start a business. The “Fund Her Future” program aims to support female entrepreneurs in the state and beyond. Interested applicants have until May 26th to submit their applications for consideration