Between now and the end of 2021, there is $6T in the hands of investors seeking to invest money into opportunity zones in the US alone.
The problem is two-sided:
Enterprises (corporates, governments and prime contractors struggle to find qualified, trained and vetted (QTV) deal flow at scale and instead resort to contracting with the same vendors to meet numbers.
MWBE’s seeking to be QTV to scale are limited in number and those that ARE QVT struggle to gain access to the decision makers to make a contract and capital happen. As a result:
Less than 1.4% of women led ventures ever get over the $1M mark
Less than 4% of women get VC funding
There are billions of dollars each year left unspent as a result of not being able to find and meet the women/ diversity contracts requirement. (In one city alone- there are $20B of contracts- 20% of which are meant to go to MWBE’s (i.e. $4B) and right now they are at a 3.3% allocation.