Lil Kim, Salt-N-Pepa and Coi Leray join others in a three-part, celeb-studded panel discussion series in partnership with Femme It Forward, honoring Hip-Hop’s 50th anniversary and celebrating Black Women entrepreneurship.
Today, Mastercard announced it will host She Runs This: Celebrating Entrepreneurship in Business and Hip-Hop, a three-day event in partnership with Femme It Forward, honoring the genre’s 50th anniversary as part of the brand’s programming during GRAMMY®Week.
A holistic campaign inclusive of an immersive “Small Business City” in Meta Horizon Worlds, a TikTok challenge, the kickoff of a Fearless Fund grant contest and a national ad campaign will further the brand’s impact on helping Black women entrepreneurs thrive.
According to recent Mastercard research, 80% of U.S. women entrepreneurs, solo-preneurs, small business owners and content Creators report having financial challenges*. Recognizing the universal obstacles entrepreneurs face, and the increased challenge of succeeding in the face of racism and bias, Mastercard is honoring Hip-Hop’s 50th anniversary by helping equip Black women entrepreneurs with the financial tools, resources and education needed to successfully accomplish their dreams.
Like the musical talent who shaped Hip-Hop, Black women small business owners continue to embrace the power of perseverance, going above and beyond to achieve their dreams and empower their communities, despite facing deep-rooted inequalities,” said Rustom Dastoor, EVP of Marketing and Communications, Mastercard North America. “We are proud to support these fearless Black women artists and business owners in their pursuit of redefining what’s possible, and we’re excited to watch them take their stage, follow their passions and thrive.
In celebration of the GRAMMYAwards®and the 50thAnniversary of Hip-Hop, Mastercard is launching various Priceless engagements and shoppable activations to support Black women small business owners (SBOs), empower their communities, and inspires consumers to shop and support their businesses, including:
- She Runs This: Celebrating Entrepreneurship in Business and Hip-Hop:Beginning Thursday, February 2 and running through Saturday, February 4, Black women owned small businesses in Los Angeles will host invited guests for dynamic discussions about entrepreneurship for women in business and hip-hop with music icons such as MCLyte, Lil Kim, Salt-N-Pepa, and Yo-Yo as well as emerging artists such as Jozzy, Baby Tate, and Coi Leray.
- “Small Business City:”’Mastercard’s virtual reality experience in Meta Horizon Worlds will spotlight Black women SBOs to inspire and educate a future generation, providing networking opportunities and tools for success oMastercard Striver and co-creator of Small Business City Rhonda X will discuss her thriving career as a creator in the Web3 space on The Jennifer Hudson Show.•TikTok Challenge:A TikTok challenge, kicked off by Jennifer Hudson will invite SBOs to share what makes them a small business superstar with a “drop the mic” moment. SBOs will be able to stitch their responses and pass the mic to the next participant, with Mastercard’s sonic melody as the backing track.
- Small Business Marketplaces: Mastercard has partnered with Amazon to promote Black women SBOs via reviews from Amazon Live Influencers, setting the stage for the SBOs to connect with viewers to drive reviews, visibility and ultimately sales. Consumers can also discover a reimagined shoppable social experience of products from exclusively Black women-owned small businesses from across the country directly on Pinterest.
- Fearless Strivers Grant Contest: Mastercard has once again extended its partnership with Fearless Fund, a with Black women-owned venture capital fund built by women of color for women of color to provide Black women SBOs across the country with $20,000 grants, digital tools and mentorship to help them build, protect and sustain their business through its third annual Fearless Strivers Grant Contest.
This program is just one facet of Mastercard’s growing music footprint. Earlier this month, in support of helping all creators reach their
full potential, Mastercard announcedthe Mastercard Artist Accelerator Program, a Web3 collective that connects musicians, creators and fans to collaborate like never before. The development program will harness Web3 and blockchain technologies to prepare emerging artists fromunderrepresented communities with tools, skills and access to forge their own paths in the digital economy.Through mastercard.com/smallbizvisitors can learn about the financial tools, benefits and education that helps small businesses thrive and Start Something Priceless. People can also learn more about Mastercard’s $500 million investment in Black communities to close the racial wealth and opportunity gap in the US by visiting Solidarity in Action.
*According to Mastercard research, “creators” are defined as entrepreneurs, solo-prenuers, small business owners and content Creators with over 2,000 followers on Instagram, TikTok, LinkedIn, or Twitter or 500 followers on YouTube. The custom study was conducted by The Harris Poll in June 2022, fielded among 4,000 respondents in North America