The New Recipe for Women Entrepreneurs to Find Success

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The New Recipe for Women Entrepreneurs to Find Success

Alicia Glen, New York’s Deputy Mayor for Economic Development, may have found the city’s special sauce: women entrepreneurs. In unveiling Women Entrepreneurs NYC (WE NYC), a new initiative to increase the number of female entrepreneurs from underserved communities, Glen invoked the case of a would-be mole seller in the Bronx: a woman who has mastered, but not yet marketed, her grandmother’s recipe. “We’re going to teach you how to take that amazing mole recipe and get it into the stream of commerce,” Glen explained. Working with Citi, Goldman Sachs, and microlender Grameen America, WE NYC is precisely the kind of public-private partnership that, done right, has the potential to improve the incomes and lives of low-income women, children and families, create jobs, and drive more broad-based economic growth across the city.


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