Economic Mobility for Black & Hispanic Communities
Small Businesses create 1.5M jobs per year. However, COVID-19 is disproportionately impacting SB owned by Black and Hispanic entrepreneurs. Forty-one percent of Black-owned SB have permanently closed their doors.
CWI Labs and Giving Tech Labs launched a challenge on X4Impact to raise $3M in funding for the research phase of an applied Artificial Intelligence to understand root causes and friction points. The results will inform policymaking, increase the number of new SB created by Black and Hispanic individuals, and decrease unemployment or sub-employment in Black and Hispanic groups in the U.S.