Summary: “If you want to improve your communities, you improve conditions for women,” says Theia Smith, founding executive director of the City of Atlanta Women's Entrepreneurship Initiative, which provides office space, mentorship, educational resources and access to capital to start-up companies owned by women. The initiative, begun in May 2016, graduated its first class of entrepreneurs in 2017 and now hosts a new cohort of 15 women. Over fifteen months, they will work together in the Flatiron Building in downtown Atlanta, growing their businesses while they learn from one another and outside experts. “Isolation is the enemy of entrepreneurs,” notes Smith, who herself is a recent graduate of Leadership Atlanta, a nine-month executive-level training and development program. In this episode of Access & Opportunity, Carla Harris talks with Smith about the model that the Atlanta Women’s Entrepreneurship Initiative has established for empowering women-owned businesses and how that model could be replicated in other cities. A key element of the Atlanta program is its diversity: the women in the incubator are as racially and socioeconomically diverse as the city where they live, and they range in age from their early 20s to late 50s. “We know the talent is equal,” says Smith. “It's the opportunities that are not.” The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast. This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. © 2018 Morgan Stanley & Co. LLC, Members SIPC.
