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WIPP Action Alert: Dismantle Three Major Barriers Facing Women Entrepreneurs

Wednesday, August 27, 2014  
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WIPP Action Alert: Dismantle Three Major Barriers Facing Women Entrepreneurs

Background

For over a decade WIPP advocated for legislation that would tear down the barriers facing women business owners in the realm of federal contracting, access to capital, and access to counseling. Now it is time to call upon your Senators to make this legislation a reality.

The Women’s Small Business Ownership Act of 2014, S. 2693, introduced by Senate Small Business and Entrepreneurship Committee Chair Maria Cantwell (D-WA) would address these three major issues plaguing women business owners. We are asking that you send the below message to your Senator – urging them to co-sponsor the bill. This is a critical step, and one where we need your help.

Access to the Federal Market

This bill includes other WIPP-supported legislation, S. 2481, which would provide sole source authority in the WOSB Procurement Program. Currently, agencies must find multiple women-owned small businesses interested and capable of competing for a contract before the WOSB program can be used. Sole source authority removes this burden, making it easier for agencies to award contracts to women through the program.

Access to Capital

Women entrepreneurs are not receiving the capital they need to start and grow their businesses. While women receive 16% of conventional small business loans, they only receive 4% of the total dollar amount of these loans given out. This disparity prevents women business owners from accessing the appropriate capital to help run their businesses.  The bill enhances the SBA’s Microloan program and makes the SBA Intermediary Lending Program permanent, providing greater access to capital for women-owned businesses.

Access to Counseling

Women’s Business Centers (WBCs) serve women entrepreneurs effectively, serving 150,000 entrepreneurs annually. However, the WBC program has not been updated in many years and as the number of women seeking training has grown government support has remained static.  Without adequate funding and changes to modernize the program, these centers will not be able to provide adequate counseling and training that women business owners are seeking. 

You can make a difference – take a few minutes to send a message to your Senator today. We have made it easy through our WIPP Action Center. The message is already written – all you have to do is hit send. 

Visit WIPP’s Action Center:  http://www.congressweb.com/WIPP/27

 

 

 


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