The 3rd Sunday in May is a special day in Black history when we celebrate the founder of the Detroit Housewives League, Fannie Peck.In 1930s Black women couldn’t afford to stay at home and wait for their husbands. Too many businesses would sell goods and services to Black people but wouldn’t hire them. So in 1930 Detroit women led by Fannie Peck formed a group called the “Detroit Housewives’ League.” It educated women on their buying power and encouraged them to only shop at African-American owned businesses. The group was also initiating big protests and boycotts.
In 1935 they set a huge packing warehouse on fire protesting against high prices, and later joined thousands of Chicago housewives in a march that shut down the city’s entire meat industry. Go to BlackMattersUS for more…
Black women led businesses generated more than $44 billion in year revenues (AMEX 2015) Yet, a mere 0.2. of venture deals from (2012-2014) went to black women business owners. It seemed Black women founders, who own a majority of Black businesses, are invisible in the startup world. Until now.
60,000+ startups examined.
350 Black women-led companies submitted.
88 Black women-led startups studied.
#ProjectDiane is digitalundivided’s proprietary research study about the state of Black women in tech entrepreneurship in the United States.
Source: Project Diane