The Sorenson Impact Center today announced the launch of Project DEEP (Developing Equitable Economies Program) – a multi-pronged initiative including a new series of free video courses designed to accelerate the growth of underrepresented entrepreneurs.
In 2018, the Sorenson Impact Center conducted a landscape analysis about the challenges and opportunities facing women and people of color who own businesses in Utah. This report built the foundation for Project DEEP, and its insights still guide much of the ecosystem work here in Utah.
Businesses owned by women and people of color represent the fastest growing sector of business in the nation. Even though they faced more closures during the last recession, from 2007 to 2011, businesses owned by women and people of color added 1.8 million jobs, while businesses owned by white men lost 800,000 jobs.