Tory Burch Foundation Selects 50 Women-Owned Businesses For Annual Fellowship
The Tory Burch Foundation is Providing $5,000 in Business Education Grants to 50 Women Entrepreneurs
The Tory Burch Foundation has selected 50 women-owned businesses for the fifth annual Tory Burch Foundation Fellows Program. Burch personally shared the news over a surprise Zoom call with a diverse group of women entrepreneurs from 36 cities across the United States, including Austin, Anchorage, Boston, Philadelphia, Los Angeles, and New York City.
The Fellowship, which receives thousands of applications annually, provides women entrepreneurs with $5,000 for business education and access to an online community of peers. This program could not have come at a more critical time for these small businesses.
“Small businesses, especially women-owned businesses, are being disproportionately impacted by the coronavirus crisis. The Fellows Program is the community of support, access to resources and tools that business owners need right now,” noted Laurie Fabiano, President of the Tory Burch Foundation.
Traditionally, the year-long Fellowship begins at the Tory Burch offices for a week of workshops, networking and mentoring from business leaders. To ensure everyone’s safety, the Tory Burch Foundation has pivoted to create virtual programming to help these women entrepreneurs navigate the challenging economic environment.
Since launching the program in 2015, the Tory Burch Foundation has provided hands-on, community-focused programming to 130 early-stage women entrepreneurs from diverse industries and communities across the country.