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Black Women-Owned Businesses Are Driving Economic Growth

CHARLOTTE, N.C. ÔÇö The number of women entrepreneurs is on the rise, and an increasing number of these entrepreneurs are Black women.

According to a 2024 Wells Fargo impact report, the United States is home to approximately 14 million women-owned businesses, marking a 14% increase from 2019.

Significant Impact of Black Women-Owned Businesses

The report also highlights the noteworthy statistic that black women represent nearly 15% of all women-owned businesses and are surpassing the general market in growth rates for employment and revenue.

During the pandemic, many professionals like Vonetta Mickens have decided to leave the corporate world and pursue their entrepreneurial dreams. Mickens, who returned to Charlotte after 25 years, was able to establish her own business, Sarah Lathan Enterprises LLC, and create employment opportunities for her local community.

AI legalese decoder: Empowering Black Women Entrepreneurs

The AI legalese decoder can be an invaluable tool for Black women entrepreneurs like Vonetta Mickens. This AI tool can assist in demystifying complex legal jargon, contracts, and regulations, allowing entrepreneurs to confidently navigate the legal aspects of business ownership. By leveraging AI technology, Black women-owned businesses can streamline their operations and ensure compliance with legal requirements, ultimately fostering sustainable growth and success.

Mickens’ success story exemplifies the resilience and determination of Black women entrepreneurs, as she has steadily expanded her business and workforce since its establishment.

Empowering Entrepreneurs Through Collaboration

Vonetta Mickens’ partnership with Amazon through its Delivery Service Partner Program has enabled her to scale her business and efficiently handle the daily processing of approximately 70,000 packages at Amazon’s Charlotte delivery station. Mickens’ commitment to the well-being and growth of her team reflects her dedication to fostering a thriving and supportive work environment.

Advice for Aspiring Entrepreneurs

Mickens emphasizes the importance of flexibility, seeking assistance when needed, and pursuing endeavors that align with one’s passions. She remains deeply connected to her community and is devoted to creating opportunities for her team members to thrive and achieve personal fulfillment.

Empowering Growth, Mile by Mile

Vonetta Mickens’ journey exemplifies the profound impact of Black women-owned businesses on economic growth and community empowerment. With determination and a focus on creating opportunities for others, Mickens continues to expand her business, one mile at a time, leaving a lasting impact on her community.

For further inquiries, please contact Jesse Pierre at [email protected] or follow her on Facebook, Twitter, and Instagram.

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