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Featured Update: One Million Black Women: Black in Business rings the New York Stock Exchange Opening Bell

On September 10, 2024 the New York Stock Exchange welcomed Goldman Sachs One Million Black Women: Black in Business to ring The Opening Bell® and 
celebrate the start of the latest cohort of 300 scholars, the largest to date. Watch the bell ringing here.


We listened. And the research is clear: entrepreneurship equalizes. It helps to unlock growth and build wealth for Black women.

Click here for an accessible transcript. 
 

Why One Million Black Women: Black in Business?

Goldman Sachs One Million Black Women: Black in Business is a free business education program dedicated to equipping sole proprietors with the tools necessary to turn their business potential into business growth.

The program helps sole proprietors learn how to price their product or service, hire their first employee, understand their finances, and so much more.

Applications for One Million Black Women: Black in Business are currently closed for the spring 2025 cohort.

 

Achievements and Impact

Click here for an accessible transcript

Free 10-week business education program.

In-person learning at Goldman Sachs headquarters in New York City, all expenses paid.

A powerful network for Black women entrepreneurs and strategic advisors to help guide business growth.

Alumni Perspectives

“Participating has shown me so much about myself that I didn’t know was there. It allowed me to be myself in all aspects and also honor all the transformative ways of becoming a CEO. This has given me that grounding and that legwork that I know I can pour back into my business.”



Shelly Flash – Founder and CEO
2 Girls & A Cookshop

 

 

“Black in Business has transformed the way that I now look at business. I’m in a position to have knowledge that can change not only myself, but generations to come. I believe that generational wealth is now possible because of the Goldman Sachs program.”



Gernissia Cherefere – CEO
Worthy of Greatness

 

 

“What inspired me the most about Black in Business is that I can be a part of a program that will help me scale my business and give me the knowledge and the tools that I need to make sure that happens.” 



Nina Washington – Founder
Squared Away Trucking

 

 

About the Program

What is One Million Black Women: Black in Business?

  • 10-week online business education program (free and specific to business needs)
  • In-person learning at Goldman Sachs headquarters in NYC (all expenses paid)
  • A powerful network of Black women entrepreneurs
  • Strategic advisors to guide your path to growth

Who is Eligible?

We welcome business owners to apply who align with our mission of supporting Black women entrepreneurs with tools and education so they can create jobs, opportunity, and economic growth in their communities.

Specific eligibility requirements:

  • Sole proprietorship (no other full-time employees); Black women sole proprietorships are particularly encouraged to apply
  • Minimum revenue of $25,000 in the past 12 months
  • Revenue-generating business
  • Operating for at least one year

Program Commitment

  • 6 hours per week, online, with built-in flexibility for your schedule
  • Develop, present, and receive feedback on your business action plan
  • In-person orientation and graduation sessions
  • Meet with advisors, mentors, and other business leaders

Curriculum

The One Million Black Women: Black in Business curriculum has been developed in partnership with the NYU Stern School of Business, and covers the following topics:

  • Module 1 – Mastering the Art of (Customer) Attraction
  • Module 2 – Keys to Effective Marketing
  • Module 3 – Optimizing Your Operations for Growth
  • Module 4 – Managing Your Financial Statements
  • Module 5 – Planning & Projection
  • Module 6 – Positioning for Growth

Timeline

Cohort 7 Session: March - June 2025

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One Million Black Women

In partnership with Black women-led organizations and other partners, our investment initiative, One Million Black Women, commits $10 billion in direct investment capital and $100 million in philanthropic support to address the dual disproportionate gender and racial biases that Black women have faced for generations.

Learn More

Amplifying the Voices of Black Women

One Million Black Women is launching a new public policy initiative to amplify the voices of Black women in the United States as they advocate for policy changes that will help advance economic opportunity. Systemic challenges require sustained investment from the private sector, and policy makers need to hear from Black women on the issues and policies affecting them. We will share our findings to catalyze the development of policy solutions that will drive systems change across critical economic issues.

Learn More

Black Womenomics: Investing in the Underinvested

Goldman Sachs research has shown that one of the fastest ways to accelerate change and effectively begin to address the racial wealth gap is to listen to and invest in Black women. Our Black Womenomics research focuses on the wealth gap, its relationship with these economic disadvantages, and the public and private investment opportunities to help close these gaps.

Read the Report

Black Womenomics: Equalizing Entrepreneurship

Black women are underrepresented in business ownership. What will it take to equalize their opportunities? Goldman Sachs Research examined some of the barriers.

Read the Report