WE NYC is an initiative launched by the City and Citigroup to help women start and grow their businesses. According to the organization’s statistics, there are 359,000 women entrepreneurs in New York City, and women contribute about $50 billion annually in revenue. But despite this, men own 1.5 times the number of businesses, have 3.5 times the number of employees, and generate 4.5 times the revenue.
WENYC attempts to address that imbalance through programs offering loans, research into the problem, and events.
Women’s Business Center
Based out of offices in Brooklyn and Staten Island, the Women’s Business Center is part of the Business Outreach Network and offers training, financing resources, and one-on-one counseling, particularly to women in underserved communities hoping to start their own businesses or grow their existing ones.
Tory Burch Foundation
The Tory Burch Foundation offers workshops, access to financing, networking events, and grant opportunities to women entrepreneurs. The foundation, which was set up by the American fashion designer Burch, also provides mentoring opportunities to women looking to succeed in the business world.
Project Entrepreneur is both a competition and educational program sponsored by Rent the Runway and UBS. It aims to give women entrepreneurs all over the U.S. the tools to build successful startups. The top 200 applicants are invited to weekend intensive learning experience in New York City, and the organization also offers digital resources for any woman looking to become an entrepreneur.
WAMVentures is a business advisory firm that serves primarily women and diverse business leaders. The firm provides strategic partner services as well as business development and capital raising guidance.
New York Women’s Chamber of Commerce
The NYWCC aims to assist women and other disadvantaged minorities “achieve success and economic independence through small business, micro-enterprise ownership and self-employment.” The organization is based in Harlem and was founded in 2002. The Women’s Chamber has provided business services and training to more than 20,000 individuals, assisted more than 500 entrepreneurs apply for minority certification, and has incubated 30 new businesses.
SCORE NYC offers mentorship via a volunteer team of experienced business professionals. More than 70 mentors from a number of different industries boasting a wide range of business expertise are part of the organization. SCORE offers local workshops in New York, an advisory board service, and mentorship free of charge.