who's who

3 Houston innovators to know this week

This week's roundup of Houston innovators includes Abbey Donnell of Work & Mother, Blair Garrou of Mercury Fund, and Randa Duncan Williams. Courtesy photos

Editor's note: In the first weekly roundup of Houston innovators of 2021, I'm introducing you to three innovators across the city — one of the richest people in Houston, a venture capital expert, and a female founder with big plans for 2021.

Abbey Donnell, founder of Work & Mother

Abbey Donnell is looking forward to growing Work & Mother in 2021. Courtesy of Work & Mother

Abbey Donnell is making sure that when new moms go back to work in downtown Houston in 2021, they'll have a suite of professional, spa-like rooms to pump in. Work & Mother has recently opened its latest location in Three Allen Center and designed it with comfort and safety in mind.

"Pumping at work has always been incredibly hard for mothers. Now, with the pandemic, there are the added complications of germ spread, closed community spaces, and repurposed wellness rooms, which makes pumping at work nearly impossible. Yet, most employers still have a legal obligation to provide a proper space for nursing mothers," says Abbey Donnell, founder and CEO of Work & Mother, in a news release. Click here to read more.

Blair Garrou, managing director of Mercury Fund

Blair Garrou joined the Houston Innovators Podcast this week. Photo via MercuryFund.com

Despite the rollercoaster of a year 2020 has been for venture capital, Blair Garrou says he's never been busier. One thing he's seen increased is an interest in early stage investing — this, he says, is happening as the pandemic has shown a spotlight on the importance of tech and ramped up digitization in business.

"People are realizing that money is in innovation and tech — especially in software," Garrou says on this week's episode of the Houston Innovators Podcast. "I can't tell you how many individual investors who call interested in investing in Mercury as a fund or our companies. People are not getting the return they desire from the markets and they are seeing tech companies do great things." Click here to read more and stream the podcast episode.

Randa Duncan Williams, owner of Texas Monthly

One of the four richest people in Houston, Randa Duncan Williams owns Texas Monthly. Photo courtesy of Texas Monthly

Mirror, mirror on the wall, who's the richest of them all? Nevermind, mirror. Forbes just told us. Houston's Duncan family, with a net worth of $22 billion, who once again appear on the annual Forbes ranking of America's richest families. (The Duncans come in at No. 11 on the Forbes list.)

The four children of pipeline mogul Dan Duncan — Randa Duncan Williams, Milane Frantz, Dannine Duncan Avara, and Scott Duncan — inherited a $10 billion estate from their father when he died in 2010. The net worth of each heir exceeds $5 billion.

Randa enjoys the highest profile among the four Duncan siblings. She is chairwoman of Houston-based Enterprise Products Partners, the pipeline giant founded by her father, and owns Austin-based Texas Monthly magazine. Click here to read more.

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Building Houston

 
 

The SBA announced plans to open 20 new centers to serve female entrepreneurs — and one is coming to the Houston area. Photo via Getty Images

The Houston area is benefitting from national funding that will be dedicated to creating female-focused resource centers across the country.

The United States Small Business Administration announced grant funding to launch 20 new Women's Business Centers (WBC) across the country. The centers, which are slated to go into rural and underserved markets, will also be partnering with Historically Black Colleges and Universities.

With the funds from the grant and through a partnership with the Greater Houston Women's Chamber of Commerce, the new center will rise in Northeast Houston to serve the Montgomery, East Harris and Chambers' Counties.

"We are incredibly excited that an organization as prominent as the Greater Houston Women's Chamber of Commerce is joining the SBA team," says Tim Jeffcoat, director if the SBA in Houston. "We are looking forward to working with them to empower women-owned businesses in Houston to reach new heights of success."

These new efforts represent the largest expansion of the WBC program in its 30-year existence.

"We are thrilled to partner with the SBA in opening another Women's Business Center, providing resources and tools for our region's women-led organizations to launch and expand," says Suzan Deison, CEO, president and founder of the Greater Houston Women's Chamber of Commerce. "We are honored the SBA chose to partner with us to expand needed services in Montgomery, East Harris & Chambers' counties, especially during these challenging times."

The SBA has 136 centers open across the country, and each offers business counseling, training, networking, workshops, and more to area female entrepreneurs.

"Opening the doors to the new Women's Business Centers is crucial to the vitality of women-owned small business owners. This network expansion will provide female entrepreneurs with the resources they need to start, grow, and expand their businesses," says Associate Administrator for the Office of Entrepreneurial Development Allen Gutierrez. "We look forward to the continued success of the WBC program as it contributes to the overall health of our economy and creates jobs in their local communities."

According to the release, the timing of these new centers is especially important as entrepreneurs continue to be challenged amid the COVID-19 pandemic.

"Over the past several months, we have seen Women's Business Centers provide aid to our nation's innovative and determined entrepreneurs, allowing countless small business owners to pivot with confidence to stay afloat during the pandemic," says SBA Administrator Jovita Carranza. "Expanding the WBC program is part of this Administration's longstanding commitment to the success of female entrepreneurs and women-owned small businesses. Adding these new Women's Business Centers to the already existing network of centers across America will boost timely resources to our nation's female economic drivers, providing them with local training and counseling."

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