Insights into the world of small business lending and development

More women of color own Arizona businesses

PHOENIX – Jenny Poon is a serial entrepreneur.

She runs the business collaborative Co+Hoots, where owners of small businesses, from tea suppliers to software design, share space, ideas and conversation.

Poon has fought and won battles for herself and others, contributing to a steady rise in Arizona businesses owned by women who are ethnically or racially diverse.

Still, women of color often have trouble getting financial backing, make less revenue, experience self-doubt, are judged as less capable than men and often lack the networks more readily available to non-minorities, according to studies and business owners like Poon.

And many believe the lack of opportunity for women of color is bad for business.
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