Smart Manufacturing Company Owned by a Black Woman Makes Profit of $25k Monthly
Start-up creator Pandwe Gibson realized it would not be straightforward to venture into the $300 billion smart manufacturing industry. After all, she is a black woman promoting commodities from the circular economy, which is pretty much reusing what some find to be waste to produce products, and eventually money.
But that hasn’t stopped her from gaining 16 business customers in the first six months of starting her company, EcoTech Visions, and bringing in about $25,000 in revenue per month.
The company is the main umbrella for what Gibson hopes will be a network of thousands of smart facilities and incubators to help small business owners and entrepreneurs start and run their businesses.
Gibson said entrepreneurs often create a “cool organic” hair-care product or drink and then place their products in plastic packaging. What these green companies bundle their goods into is “literally made of a toxic chemical,” said Gibson.
Her business can help businesses access environmentally friendly products at low cost, and this is just one example of the services the business owner offers. Throughout 2015, she also founded a non-profit called the EcoTech Visions Foundation to train employees and help young entrepreneurs build sustainable businesses.
“We believe production is the way to grow America’s middle class,” Gibson said in a video promo.
Aspiring entrepreneurs may not be able to afford costly equipment to start and run their businesses.
“This is the whole point of our non-profit that we can buy the equipment and subsidize the companies ‘ costs at a much lower price than the market rate, so that they can actually bring products onto the market and be competitive in price.”