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News & Press: WIPP Legislative Updates

Landmark Women’s Business Center Legislation Introduced in the House

Monday, November 23, 2015  
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Landmark Women’s Business Center Legislation Introduced in the House

 

Before departing for the Thanksgiving recess, Representative Suzan DelBene (D-WA) introduced the Women’s Small Business Ownership Act of 2015, which reauthorizes the Women’s Business Center (WBC) program. This bill mirrors legislation passed by the Senate Small Business Committee earlier this year.  

 

Women entrepreneurs receive business training and counseling from more than 100 WBCs throughout the country. The bill, if passed, would authorize the program at $21.75M through FY2020. This could add more Centers and provide additional support to existing Centers. WBCs could also receive grants up to $250,000; nearly double the previous maximum of $150,000. Additional funds above the maximum will be made available to Centers that meet goals and wish to establish new projects. If passed, these updated funding levels will encourage growth in established Centers and allow WBCs to provide additional support to women entrepreneurs.

 

Women’s Business Centers provide an invaluable resource for women entrepreneurs. Ten million women-owned businesses contribute to the nation’s economy by generating $1.6 trillion in revenue and employing nearly 9 million Americans. WBCs are an important partner for these 10 million women-owned businesses and this legislation will enhance their capabilities and build on their successes. 

 


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