Updated: Oct 28, 2021
As a hub for diversity, Austin has its share of organizations that highlight the need to better serve the underrepresented in the community. One such group, Austin-based Empowering a Billion Women (EBW), was recently ranked #28 on Inc 5000 Fastest Growing Private Companies in America. EBW also announced its plans to award $1,000,000 in one-year scholarships along with its partners to find, educate, train and support 1,000 women leaders, entrepreneurs, and intrapreneurs for its 2022 programs.
Dedicated to creating a globally sustainable future through the activation and empowerment of women, EBW and its announced initiative are intended to help stimulate the economy through the power of women’s innovation and forge a pathway for women to advance beyond the pandemic.
“Access to opportunity, education, and a support system for success is key to breaking the historical biases that have previously held women back from reaching their fullest social, health, and economic potential. We are excited to bring this initiative to life with our partners to help stimulate the economy and create jobs post-pandemic,” Linda Pringle Evans, Dean of The EBW Business School for Women, said in a press release.
According to the National Association of Women Business Owners (NAWBO), women-owned businesses in the United States generate $1.7 trillion in sales as of 2017, with more than 11.6 million women-owned businesses employing nearly 9 million people across the country. 5.4 million firms are majority-owned by women of color in the U.S., and employ 2.1 million people and generate $361 billion in revenue annually.
EBW looks to find the world’s most outstanding women of color by narrowing a list of over 600 women’s organizations down to their top 100 globally based on certain criteria. Organizations were selected based on impact, reach, quality, and depth of programs, reputation, leadership, and brand. The list of 100 will be announced in the EBW Top 100 Global Women’s Organization’s taking place November 7, 2021.