Press Release

Founders First CDC Announces 2022 Kitty Fund Grant Recipients for Mom-Preneurs

Fifty (50) Small Businesses Owned by Mothers Awarded Micro-Grant in Honor of Mother’s Day.

SAN DIEGO, May 5, 2022  – Founders First CDC, a 501(c)(3) nonprofit that empowers expansion and job creation in diverse founder-led, revenue-generating businesses, announced the fifty (50) grant recipients of its 2022 Kitty Fund. 

The Kitty Fund makes micro-investments in mothers who are running employer-based small businesses. The awards, granted in honor of Mother’s Day, were inspired by Founders First CEO Kim Folsom’s mother, Catherine “Kitty” Abrams Tadlock Webster, who passed away in March 2020.

The 50 mom-preneurs for 2022 are:

“Women have always faced discrimination in securing small business funding,” said Josaline Cuesta, Senior California Program Manager for Small Business Majority. “The pandemic only exacerbated disparities in accessing funding and resources that were already in place. An estimated 90% of women and minority-owned small businesses were shut out of federal emergency funding during the height of the pandemic, despite most women needing access to government aid to continue operating their business. That’s why we are honored to support the Kitty Fund. Since its creation in 2020, this grant has successfully bridged the funding gap for more than 100 mom-led small businesses and encouraged the growth of diverse small businesses throughout the country. We are happy to support programs that foster resiliency and promote business resources for women.”

The 2019 State of Women-Owned Business Report commissioned by American Express reports that women own about 42 percent of U.S. small businesses, or almost 13 million businesses. According to the SBA, women-owned businesses employ 10.1 million workers and collect $1.8 trillion in receipts. It’s estimated that one in three of these businesses is owned by a mom, representing more than four million businesses. 

Learn more: https://foundersfirstcdc.org/kittyfund.

About Founders First CDC

Founders First CDC is a nonprofit 501(c)(3) founded in 2015 to empower diverse founder-led, revenue-generating small businesses through accelerator programs. By building recurring revenues, tech-enablement, and essential solution focus, Founders First serves as a catalyst for positive change to entrepreneurs of color and female founders to become leading employers in their communities. www.foundersfirstcdc.org

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