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Pittsburgh sees rise in women, minority-owned businesses

Pittsburgh sees rise in women, minority-owned businesses

Pittsburgh Business Rise

Pittsburgh is experiencing a surge in women and minority-owned businesses, creating a progressive shift in business demographics. As of 2023, nearly 40% of small enterprises are women-owned, while minorities own about 13%, states the Small Business Association. This change is being attributed to entrepreneurial programs, financial resources availability, and diverse business networks growth.

Even in the face of a pandemic, these ventures have displayed resilience and significantly contributed to Pittsburgh’s economy. However, hurdles such as limited capital access, societal biases, lack of mentorship, and information asymmetry still pose challenges to these entrepreneurs.

Curtis Miller, a barbershop owner, shared insights on local entrepreneurship and community giving. Miller’s journey is a testament to how challenges can reshape into opportunities—especially when embracing and supporting local enterprises.

Khamil Bailey, co-founder of The Greenwood Plan, emphasized advocacy for Black-owned businesses.

Pittsburgh’s growth in diverse entrepreneurship

In his view, longevity lies not only in financial support but also in mentorship, guidance, resource access, and inclusive policies. Collective action and societal commitment are crucial in aiding Black-owned businesses to overcome systemic barriers and thrive, Bailey stressed.

Anne Flynn Schlicht, director of the Center for Women’s Entrepreneurship at Chatham University, acknowledged the role educational institutions play in fostering female entrepreneurs. Schlicht identified a need for resources, supportive environments, and interventions to overcome hurdles such as financial support scarcity, cultural biases, and mentorship gaps.

These pioneering individuals and organizations are spurring Pittsburgh towards diverse business ownership. Collectively, their efforts are gradually dismantling barriers and fueling change through targeted entrepreneurship programs and initiatives for underrepresented groups.

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Pittsburgh is transforming into a hub for women and minority-owned businesses, contributing to its economic growth and creating a more equitable, diverse economy. Through strategic interventions and steadfast commitment, Pittsburgh is on course to shatter the glass ceiling in entrepreneurship—a testament to its increasingly inclusive and diverse business narrative.

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