{"id":753072,"date":"2023-05-01T09:25:16","date_gmt":"2023-05-01T13:25:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-workshop-at-macys-welcomes-2023-class\/"},"modified":"2023-05-01T09:25:16","modified_gmt":"2023-05-01T13:25:16","slug":"the-workshop-at-macys-welcomes-2023-class","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-workshop-at-macys-welcomes-2023-class\/","title":{"rendered":"The Workshop at Macy’s Welcomes 2023 Class"},"content":{"rendered":"

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The Workshop at Macy’s Welcomes 2023 Class<\/b><\/p>\n

Macy\u2019s leading retail development program welcomes 25 entrepreneurs <\/i>providing comprehensive business program to drive growth<\/i><\/p>\n

Through Macy\u2019s, Inc.\u2019s social purpose platform, Mission Every One, these underrepresented businesses will have the opportunity to reach new customers via a month-long digital pop-up shop on macys.com, receive a business grant and critical education about a capital program to help scale their businesses<\/i><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nThis May, Macy\u2019s welcomes 25 business owners to the 2023 class of The Workshop at Macy\u2019s, the retail industry\u2019s longest-running retail accelerator program dedicated to driving growth and providing opportunity to diverse and women-owned retail businesses. This spring, the 2023 class will have a new opportunity to access Macy\u2019s holistic supplier ecosystem, critical education and funding resources, new customers through a pop-up shop on macys.com and $250,000 in business grants.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230428005351\/en\/<\/a><\/p>\n

\"The<\/p>\n

The Workshop at Macy’s Welcomes 2023 Class (Graphic: Business Wire)<\/p>\n<\/div>\n

\nThroughout the month, Workshop participants will have the opportunity to get first-hand experience selling their products at scale with a special digital pop-up shop on macys.com. Additionally, following The Workshop graduation, participants will be introduced to Macy\u2019s buyers and digital marketplace teams for the opportunity to onboard as vendors across Macy\u2019s retail ecosystem.<\/p>\n

\nIn addition to the business growth focused curriculum and programming opportunities, all participants will have an opportunity to enter a pitch competition, from which the winning brand will receive a $100,000 business grant, a partnership with Macy\u2019s sourcing team, and other prizes. All participating businesses will receive a $5,000 business grant upon completion of the program.<\/p>\n

\nAs part of Macy\u2019s social purpose platform, Mission Every<\/i> One<\/i>, The Workshop at Macy\u2019s is integral to the brand\u2019s ongoing commitment to empower underrepresented entrepreneurs. Throughout the month, participants will be immersed in a comprehensive business development program through building brand identity, financial management, assortment planning, perfecting the pitch, securing growth capital, and more.<\/p>\n

\n\u201cFor more than a decade, The Workshop at Macy\u2019s has represented our ongoing commitment to amplify and uplift underrepresented businesses by providing entrepreneurs with a best-in-class development program,\u201d said Michelle Wang, Macy\u2019s vice-president, retail diversity strategy. \u201cThrough Mission Every One<\/i>, Macy\u2019s is dedicated to reinventing and reimagining representation in retail by providing participants with the tools and resources to excel, and I\u2019m thrilled for this year\u2019s businesses to experience growth, continue to develop and create meaningful connections through The Workshop at Macy\u2019s.\u201d<\/p>\n

\nBrands will also be introduced to S.P.U.R. Pathways: Shared Purpose, Unlimited Reach<\/a>, a multiyear, multifaceted funding program to advance entrepreneurial growth, close wealth gaps and shatter systemic barriers faced by diverse-owned and underrepresented businesses. Launched in late 2022, S.P.U.R. Pathways offers underrepresented businesses access to critical funding, as well as a full suite of educational resources, fueling a holistic supplier ecosystem and acting as a catalyst for outsized growth. Created in partnership with Momentus Capital, the program includes a range of financing options including loans for working capital and commercial real estate, and growth equity, all designed to meet the needs of diverse-owned and underrepresented businesses at various stages of growth. Through The Workshop\u2019s programming, brands will have an opportunity to meet capital markets professionals, learn about products and apply to the program.<\/p>\n

\nLed and designed by a consortium of experts from Macy\u2019s, Babson College, the nation\u2019s leading business school for entrepreneurship, Google, and Meta, among others. The Workshop at Macy\u2019s has helped to develop more than 195 diverse-owned businesses since 2011.<\/p>\n

Meet The Workshop at Macy\u2019s 2023 Class<\/b><\/p>\n

\nAs part of The Workshop at Macy\u2019s commitment to amplifying and empowering diverse-owned businesses, a cohort of 25 entrepreneurs across five retail categories have been invited to participate in this year\u2019s program.<\/p>\n

Apparel<\/span><\/i><\/p>\n