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Chatham News and Record
Wednesday, February 8, 2023
ADDRESSING THE RACIAL WEALTH GAP:
WEBB Squared: equity needed in entrepreneurship
PITTSBORO — Kombucha-making, sound therapy and trucking are just three types of businesses led by Black entrepreneurs in Chatham County. While they’re impacting the local economy in a myriad of ways, decades of segregation and other unfavorable policies have created barriers for other entrepreneurs of color.
Event to focus on state of Black, Brown entrepreneurs Chatham News and Record
In Chatham County and other rural counties across North Carolina, the racial wealth gap is wide. But so far, observers say little documentation has been compiled to help understand the barriers faced by those on the low end of the income and wealth scale.
On Friday, Feb. 3, WEBB Squared — a nonprofit organization created in Chatham to build generational wealth by providing incubator-accelerator services to Black and Brown entrepreneurs — will present what organizers are calling a “groundbreaking report.” As part of a morning-long event in Pittsboro, speakers will address the status of entrepreneurs of color in Chatham County and other rural counties in North Carolina and share cutting-edge data across a range of social and economic indicators to highlight the impact of centuries of policies and practices that remain as barriers to opportunities.
Chatham News and Record
CN+R STAFF REPORTS
Wednesday, January 25, 2023
The Triangle Tribune
Thursday, January 12, 2023
By Freda Freeman, Correspondent
Program Helps Black Entrepreneurs Build a Business
CHATHAM COUNTY – Running a small business is hard. Running a small Black-owned business is harder. Running a small Black-owned business in a rural area is harder still. That’s why WEBB Squared wants to help Black entrepreneurs in rural parts of the state.
Triangle Business Journal
Jul 8, 2022
“Highlighting ‘Wasted’ Talent
By Connie Gentry –Freelance Writer,
Stephanie Terry and Rinnie Orr were like many who began talking about the intersection of business and the racial wealth gap in America following the murder of George Floyd. After a year of conversations and contemplations about how they might create meaningful change, they launched the nonprofit WEBB Squared in July 2021. Wealth through Entrepreneurship for Black Businesses, or WEBB Squared, is focused on building entrepreneurial businesses across Black communities in rural counties throughout the state.
“In Chatham County where I live there were no incubators or accelerators to address the unique challenges that African American entrepreneurs face,” said Terry, who serves as the nonprofit’s executive director. “Although there are wonderful [resources] in urban counties, there were few to zero in rural counties.”
Chatham’s ‘Juneteenth’ observance features CORE, WEBB Squared events
Two local organizations — CORE (Chatham Organizing for Racial Equity) and WEBB Squared — are working together to plan two events in observance and celebration of Juneteenth, which commemorates the emancipation of enslaved people in the U.S. The events take place at the Chatham County Agricultural & Industrial Fair Association in Pittsboro this weekend (Saturday and Sunday, June 18 and 19). (Read more…)
Nonprofit WEBB Squared aims to support Black-owned businesses in Chatham
By Taylor Heeden
Chatham News + Record
PITTSBORO — A Chatham County-based nonprofit created to offer a “living ecosystem of support” for Black-owned businesses ceremoniously opened its services at a ribbon-cutting event at The Plant in Pittsboro on Saturday.
WEBB Squared has been a project led by Stephanie Terry, the nonprofit’s executive director, to address the racial economic inequities Black business owners face.