Accessing Health Insurance Funding for Women in Utah
GrantID: 73080
Grant Funding Amount Low: $1,000
Deadline: Ongoing
Grant Amount High: $1,000
Summary
Grant Overview
Small Business Health Insurance Access Program in Utah
Utah is recognized for its burgeoning economy, yet many women of color small business owners encounter significant challenges related to health insurance access. With the average annual premium costs rising across the state, many entrepreneurs struggle to provide affordable healthcare options for themselves and their employees. In fact, a survey by the Utah Women & Leadership Project found that 46% of women entrepreneurs report having inadequate health insurance coverage, which can severely limit their business viability.
Women of color small business owners in Utah often operate within industries that are particularly vulnerable, such as retail and hospitality, where health benefits may not be readily available. This lack of access to affordable health insurance creates a mental burden that compromises their ability to grow their businesses and retain employees. They often face the difficult choice of sacrificing personal healthcare for the sake of business sustainability.
The funding initiative aims to establish a Small Business Health Insurance Access Program tailored to women of color small business owners in Utah. This program will provide resources and support to help entrepreneurs navigate the complexities of health insurance options, facilitating access to affordable plans that meet their specific needs. By addressing healthcare barriers, this initiative seeks to enhance business viability and improve employee retention among participating businesses.
Anticipated outcomes include improved access to health insurance and overall business sustainability, contributing to a healthier workforce. By ensuring that women of color entrepreneurs are equipped with the tools to secure health coverage, the program supports not just their individual well-being but also the economic growth of their businesses in Utah.
Unlike neighboring states, Utah's unique economic landscape, characterized by rapid growth and a strong entrepreneurial spirit, necessitates targeted interventions to ensure that all small business owners, particularly women of color, can thrive. By focusing specifically on health insurance access, this funding initiative plays a vital role in fostering a supportive environment for sustainable business development.
Eligible Regions
Interests
Eligible Requirements
