Founder Launches Platform To Help Black-Owned Founders Access Resources
Tanya Morris, founder of Mom Your Business (MYB), is teaming up with Baltimore-based EcoMap Technologies to launch Foundery PHL, as reported by Technical.ly. The platform will help founders access the necessary tools needed to expand their businesses.
Foundery PHL will host organizations like Enterprise Center, Startup Leader, and Women’s Opportunities Resource Center, providing resources and support for entreprenuers.
Black women-led Businesses in the US
Black and African American women-owned businesses are a driving force in the US economy, leading more than two million companies that employ over 647,000 people, according to the 2025 Wells Fargo Impact of Women-Owned Businesses report.
A LendingTree study found that Black-owned businesses are more likely to be led by women, and 55.2% generate between $100,000 and $999,999 in annual revenue, slightly higher than the 54.7% for all Black-owned businesses. Yet systemic barriers continue to limit Black women’s opportunities for growth and long-term success.
Despite a brief surge in investment after George Floyd’s murder, funding for Black founders fell back to previous levels within two years, with most investors support proving to be largely superficial. In 2021, Black women received just 0.3% of total US venture capital funding. At the same time, programs designed to address inequities, such as supplier diversity initiatives and grant programs supporting Black women-owned businesses, continue to face legal and political challenges.
A platform for all business owners
Morris told Technical.ly. that Foundery PHL will help provide underrepresented founders, especially Black women, with more access to capital, which is often the most significant barrier for early founders.
Foundery PHL offers five pathways for startups, spanning from the idea stage to the growth stage. Each path comes with a guide that provides a list of goals and reflection questions to help steer founders in the right direction.
Morris had considered creating a resource platform for business owners for some time, but it wasn’t until she discovered EcoMap’s pathways structure that she felt it was the proper format, she said. EcoMap CEO and cofounder Sherrod Davis said the partnership was a good fit for his team and an opportunity to work with and support Black women-owned businesses.
The platform is currently targeting business owners in Philly and Camden, it hopes to expand its reach, according to Morris.
Image: Tanya Morris
