Advertisement

LGBTQ+ Entrepreneurs Positively Impact the U.S. Economy

Gaby M. Rojas

During Pride Month, SCORE, mentors to America’s small businesses and a resource partner of the U.S. Small Business Administration, is honoring the 1.4 million LGBTQ+ entrepreneurs throughout the country.

LGBTQ+ small businesses contribute $1.7 trillion to the American economy each year, according to a SCORE meta-analysis. In addition, the LGBTQ+ community holds an estimated purchasing power of $917 billion dollars in the U.S.

“LGBTQ+ entrepreneurs play a vital role in the small business community,” says SCORE CEO Bridget Weston. “We want the LGBTQ+ community to know we are here to provide them with the tools and resources they need to excel when starting or growing their business.”

SCORE Supports LGBTQ+ Small Businesses  

Sarah Scala, president and principal consultant of Sarah A. Scala Consulting in Watertown, Massachusetts, has utilized SCORE as a resource since the inception of her business 10 years ago. While she had been out to friends and family for a number of years, she came out publicly in 2021 to support and provide leadership coaching services to LGBTQ+ clientele. As part of her journey, Scala explains, “I challenged myself each month to do something additional to promote that I provide LGBTQ+ services. It has not been easy. However, I feel confident about this choice as I am supported by peers, mentors, clients and my network.” She is thankful for the continuous support of her mentors: “Each of my SCORE mentors has been exceptional with providing advice, support, and a sounding ear.”

SCORE client Gavin Escolar, owner of The Chaga Company in San Francisco, has found great success and support with his SCORE mentor, Pete Slosberg, over the years. “The Chaga Company loves SCORE. SCORE has given my business tools, focus, courage, and persistence, which results in business success. My SCORE mentor Pete Slosberg is GOLD. He is hands on with the direction of the company and has been on our side throughout this entrepreneurial journey.”

How SCORE Can HelpSCORE supports all entrepreneurs looking to start or grow their small business. Tools to support small business owners include 24/7 expert mentoring, resilience training and on-demand educational resources. Visit SCORE.org to learn more.

Advertisement

Advertisement

Advertisement

Latest Stories...

Photo of Excecutive Option CEO Mike Prado in a gray suit.
GameChangers

Continuing His Mission

Jeremy Reynolds — May 21, 2024

The Equity Honors logo
Business Diversity

NMSDC Recognizes 2024 Equity Honors Recipients 

MBE Magazine Staff — May 21, 2024

Mental Health in the Workplace

Lori P. Purnell, MPH, PE and Dana W. Chang — May 16, 2024

Overhead shot of young man sitting at desk with computer completing his taxes.
Money Mindset

Did you know there are two tax seasons?

Alleson Tate — May 13, 2024

Helping Black Women in Tech Spread their Wings

Gaby M. Rojas — May 10, 2024

Yellow and white Employee Perks on blue background
BCH AMEN Corner

Perks You Need to Retain Good Employees

MBE Magazine Staff — May 10, 2024

Advertisement