New Pattern Utah aims to break down disparities in business funding for Black women

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Kimmy Paluch, co-founder of BetaBoom, poses for photos in Sandy on Wednesday, July 22, 2020. | Scott G Winterton, Deseret News SALT LAKE CITY — A just-launched funding and mentorship program is aiming to chip away at disparity issues in Utah’s startup community with assistance tailored for Black women business owners. The groups behind New Pattern Utah say that despite the fact that Black women are starting businesses faster than any other demographic, they are also encountering the greatest barriers to accessing funds and receive less than 1% of U.S. venture capital funding each year. To improve that number, Womenpreneurs, Utah Black Chamber, Beta Boom and Sorenson Impact have launched the collaborative grant and mentorship program for Utah...

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New Pattern Utah aims to break down disparities in business funding for Black women

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