FedEx is committed to giving entrepreneurs everywhere the tools they need to succeed.
Globally, small and medium-sized enterprises (SMEs) represent 45% of formal, permanent, full time employment and more than 70% of the creation of net job growth in low and middle-income countries.1 In the U.S., small businesses create 60 – 80 percent of net new jobs annually.2
Women and minority-owned businesses face disproportionate challenges to accessing the tools, networks, training and capital needed to transform an idea into a successful enterprise. In the U.S., women own 36 percent of small businesses, but only earn 11 percent of small-business revenues.3 Minorities own 20 percent of small businesses but earn only 10 percent of revenues.4 We want to change this by connecting entrepreneurs — especially women and minorities — to the resources they need to stay in business, create new jobs, support their families and contribute to thriving communities.
FedEx was founded by an entrepreneur who created a new industry. That’s why we believe in the people who are willing to dream, take risks, persevere and change the world for the better.
1 Source: “Small vs. Young Firms across the World Contribution to Employment, Job Creation, and Growth.” World Bank Group, 2011
2, 3, 4 Source: U.S. Small Business Administration, Office of Advocacy
Initiated a new strategic alliance with Vital Voices’ GROW Fellowship, a one-year accelerator supporting 65 women-owned businesses in Latin America and the Caribbean, the Middle East and Africa. The program provides business skills training, technical assistance, leadership development and access to networks — ultimately leading to business and economic growth.
Supported the launch of the Babson College Women Innovating Now (WIN) Lab in Miami, an eight-month program designed for high-growth women entrepreneurs. Over 40 percent of the 20 companies in the inaugural program raised over $100,000 in funding and several teams are actively seeking growth capital.
Enabling access to critical financial literacy training through an alliance with Accion, an organization that supports and empowers entrepreneurs through client education initiatives – part of its commitment to creating financial inclusion for all. In FY16, FedEx launched a two-year initiative to create a digital version of Accion’s award-winning Dialogue on Business (DOB) program in Colombia, which aims to ensure that the working poor, and particularly women entrepreneurs in semi-rural areas, have the skills they need to succeed in their enterprises and support greater economic livelihoods.
Working with The Women’s Business Enterprise National Council Student Entrepreneur Program (WBENC SEP) in fostering growth for future women-owned businesses through education and mentorship.
Empowering the next generation of entrepreneurs by working with Junior Achievement (JA) on the JA Worldwide Program and by offering the JA FedEx Access Award