{"id":745122,"date":"2023-04-04T09:03:26","date_gmt":"2023-04-04T13:03:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/comcast-commits-650k-to-native-women-leads-matriarch-revolutionary-fund-nations-trailblazing-impact-investment-fund-focused-on-native-women-owned-businesses\/"},"modified":"2023-04-04T09:03:26","modified_gmt":"2023-04-04T13:03:26","slug":"comcast-commits-650k-to-native-women-leads-matriarch-revolutionary-fund-nations-trailblazing-impact-investment-fund-focused-on-native-women-owned-businesses","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/comcast-commits-650k-to-native-women-leads-matriarch-revolutionary-fund-nations-trailblazing-impact-investment-fund-focused-on-native-women-owned-businesses\/","title":{"rendered":"Comcast Commits $650k to Native Women Lead\u2019s Matriarch Revolutionary Fund, Nation\u2019s Trailblazing Impact Investment Fund Focused on Native Women-Owned Businesses"},"content":{"rendered":"

<\/p>\n

Comcast Commits $650k to Native Women Lead\u2019s Matriarch Revolutionary Fund, Nation\u2019s Trailblazing Impact Investment Fund Focused on Native Women-Owned Businesses<\/b><\/p>\n

Partnership advances economic and entrepreneurial opportunities for over 200 Indigenous women<\/i><\/p>\n

PHILADELPHIA–(BUSINESS WIRE<\/a>)–
\nToday, Comcast announced a $650,000 commitment to Native Women Lead<\/a> (NWL), becoming the nonprofit organization\u2019s first and largest corporate partner of its Matriarch Revolutionary Fund, the first-ever impact investment fund in the U.S. focused on established Native women-owned businesses.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230403005718\/en\/<\/a><\/p>\n

\"COMCAST<\/p>\n

COMCAST COMMITS $650K TO NATIVE WOMEN LEAD\u2019S MATRIARCH REVOLUTIONARY FUND, NATION\u2019S TRAILBLAZING IMPACT INVESTMENT FUND FOCUSED ON NATIVE WOMEN-OWNED BUSINESSES (Photo: Business Wire)<\/p>\n<\/div>\n

\nThrough Comcast\u2019s support, NWL can continue its goal of building a $10 million Matriarch Revolutionary Fund that when fully resourced will help empower 200 Native women-owned businesses at $50,000 – $250,000 each. Comcast\u2019s grant will also support NWL\u2019s broader network of over 20,000 Indigenous women across Turtle Island, or North America, grow their businesses, communities, and environment with values-aligned integrated capital.<\/p>\n

\n\u201cIt\u2019s important for us to design capital, tools, and products that meet the needs of Native communities,\u201d said Jaime Gloshay, Co-Founder of Native Women Lead<\/b>. \u201cAs our first corporate partner, Comcast\u2019s grant is truly significant and will help us amplify our work, support our entrepreneurs in reclaiming our narrative, and give us the opportunity to center and uplift the people who are making meaningful change in our communities.\u201d<\/p>\n

\nAs business owners, Indigenous women face institutional racism and predatory lending when it comes to accessing capital and federal funding. In 2017, the Native Nations Institute found that the number of Small Business Administration (SBA) guaranteed loans awarded to Native-owned businesses constituted less than 1%<\/a>.<\/p>\n

\nNative women also experience some of the highest poverty and wealth gaps in the country. According to the Center for American Progress, they are paid 60 cents for every $1 paid to White, non-Hispanic men, yet 66% are their family\u2019s primary breadwinners and economic drivers in their communities.<\/p>\n

\n\u201cAccess to capital remains a significant barrier for women entrepreneurs, but is particularly challenging for Indigenous communities,\u201d says Dalila Wilson-Scott, EVP and Chief Diversity Officer of Comcast Corporation and President of the Comcast NBCUniversal Foundation<\/b>. \u201cWe are proud to partner with Native Women Lead to help empower these talented, innovative business owners realize overdue economic opportunities for themselves and their community.\u201d<\/p>\n

\nIn addition to the Matriarch Revolutionary Fund, Comcast\u2019s grant will help NWL scale and fund the newly launched Rematriating Economies Apprenticeship (REA) program that will support 10 Indigenous women on a five-month paid apprenticeship toward becoming an emerging fund manager. Following the apprenticeship, participants will also be presented with job placement opportunities at several investment fund companies or firms throughout the United States. The apprenticeship is currently accepting applications<\/a> for its first cohort through April 10, 2023.<\/p>\n

\n\u201cWe want to see our women writing the checks themselves,\u201d said Vanessa Roanhorse, Co-Founder Native Women Lead.<\/b><\/p>\n

\u201c<\/i>I want to see our entrepreneurs thrive \u2013 that has been the magic of Native Women Lead. Being able to see someone succeed closes that belief gap in oneself and empowers one another to continue to push and take this journey of entrepreneurship with that curiosity, with that awe, with that wonder, and to be open to the challenges of business ownership,\u201d Jaime Gloshay added<\/b>.<\/p>\n

\nNWL was founded in 2017 to inspire innovation by investing in Indigenous women entrepreneurs. Today\u2019s grant announcement continues Comcast\u2019s multi-year partnership with the organization and is part of Project UP<\/a>, Comcast\u2019s $1 billion commitment to reach tens of millions of people in order to advance digital equity and help create a future of unlimited possibilities.<\/p>\n

About Native Women Lead
\n
<\/b>Native Women Lead\u2019s mission is to revolutionize systems and inspire innovation by investing in Native Women in business. We do this by co-creating with and convening our community to build coalition while honoring our culture, creativity, and connections. Our core values (BEWE) reflect our understanding that Native Women are the Backbone of our communities, we are Emerging as entrepreneurs, and we are Weaving our ideas, resources, and community to manifest change while Empowering one another. For more information, visit www.nativewomenlead.org<\/a>. To learn more about REA and to access the application visit here<\/a>.<\/p>\n

About Comcast Corporation
\n
<\/b>Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com<\/a> for more information.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230403005718\/en\/<\/a><\/span><\/p>\n

Media Contacts:
\n<\/b>
K. Kim Atterbury
\n
k.kim_atterbury@comcast.com<\/a><\/p>\n

\nElyse Dempsey
\n
elyse@roanhorseconsulting.com<\/a><\/p>\n

KEYWORDS:<\/b> Pennsylvania United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> TV and Radio Technology Fund Raising Professional Services Native American Foundation Philanthropy Small Business General Entertainment Consumer Entertainment Online Other Philanthropy Environmental, Social and Governance (ESG) Internet Socially Responsible Investing Women<\/p>\n

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COMCAST COMMITS $650K TO NATIVE WOMEN LEAD\u2019S MATRIARCH REVOLUTIONARY FUND, NATION\u2019S TRAILBLAZING IMPACT INVESTMENT FUND FOCUSED ON NATIVE WOMEN-OWNED BUSINESSES (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Comcast Commits $650k to Native Women Lead\u2019s Matriarch Revolutionary Fund, Nation\u2019s Trailblazing Impact Investment Fund Focused on Native Women-Owned Businesses Partnership advances economic and entrepreneurial opportunities for over 200 Indigenous women PHILADELPHIA–(BUSINESS WIRE)– Today, Comcast announced a $650,000 commitment to Native Women Lead (NWL), becoming the nonprofit organization\u2019s first and largest corporate partner of its Matriarch Revolutionary Fund, the first-ever impact investment fund in the U.S. focused on established Native women-owned businesses. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230403005718\/en\/ COMCAST COMMITS $650K TO NATIVE WOMEN LEAD\u2019S MATRIARCH REVOLUTIONARY FUND, NATION\u2019S TRAILBLAZING IMPACT INVESTMENT FUND FOCUSED ON NATIVE WOMEN-OWNED BUSINESSES (Photo: Business Wire) Through Comcast\u2019s support, NWL can continue its goal of building a $10 million Matriarch … <\/p>\n

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This press release features multimedia. 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