My Profile   |   Contact Us   |   Sign In   |   Register
News & Press: WIPP News Releases

Economic Blueprint Lays Out Policies Lawmakers Should Focus on to Help Women Entrepreneurs

Wednesday, March 22, 2017  
Share |

 

For Immediate Release: March 22, 2017

Contact:
Erin Musgrave
erin@emcstrategies.com
(530) 864-7014

Economic Blueprint Lays Out Policies Lawmakers Should Focus on to Help Women Entrepreneurs

 

Women Impacting Public Policy outlines a number of policies that will help women entrepreneurs thrive; WIPP member testifies about those policies before House Small Business Committee today

 

Washington, D.C., March 22, 2017—Today Women Impacting Public Policy released a range of economic policy recommendations lawmakers can follow to help women entrepreneurs thrive, and laid them out during testimony before the House Small Business Committee.

 

WIPP’s annual Economic Blueprint lists a comprehensive set of public policy needs covering access to capital, procurement, healthcare, telecommunications and technology, and export and trade—issues that have the most impact on women business owners’ ability to grow their companies.

 

“Women business owners are an economic force. They’re growing at nearly four times the rate of men-owned businesses, they generate $1.6 trillion in receipts and they make up 36 percent of all non-farm businesses in this country,” said WIPP President Jane Campbell. “Yet too often their specific policy needs fall by the wayside. That’s unacceptable, and if it happened with any other group that makes up a third of businesses in this country, you’d hear a lot more about it. Women business owners need Congress to tackle some of the unique challenges they face so they can continue growing and strengthening our economy.”

 

WIPP member Anne Chambers, co-founder and CEO of Red212, an independent content strategy agency, ensured Congress heard what women entrepreneurs need when testifying before the House Small Business Committee today. Chambers outlined the blueprint during the Committee’s hearing, “Making Washington Work for America’s Small Businesses.”

 

Opportunities for the nation’s 10 million women business owners has never been stronger. But challenges remain,” Chambers told the Committee. “WIPP’s economic blueprint provides solutions to improve in several key areas.”

 

The blueprint outlines the following policy recommendations:

 

Taxes:

 

·      Reform the tax code to make deductions and credits equitable no matter what the structure of the company.

·      Permanently repeal the estate tax and allow small businesses to pass from one generation to the next

·      Simplify the tax code for small businesses to reduce the imbalanced cost of compliance vs. large businesses

 

Access to Capital:

·      Change the capital infrastructure

o   Simplify intellectual property protections

o   Rethink credit scores

o   Develop female fund managers through Emerging Managers SBIC Program

o   Tax incentives for angel investors

·      Support small lending institutions

o   End the one-size-fits-all approach to regulation

o   Lift the credit union lending cap

·      Strengthen government investment

o   Accelerate SBIR commercialization

o   Modernizing the SBA microloan program

o   Provide adequate resources for financial and business counseling

Procurement

·      Ensure acquisition reforms support women-owned businesses

·      Adequately support and train the contracting workforce

·      Sole source parity

 

Healthcare

·      Implement a strong pooling mechanism for the Small Group Market

·      Define work week as 40 hours

·      Allow health insurance deductions for the self-employed

 

Economy

·      Investment in entrepreneurship pays off: Critical support for entrepreneurs includes access to credit, access to the federal sector and access to training and counseling.

·      Federal regulations cost businesses just under $10,000 per employee annually. This problem is exacerbated by the government’s inability to provide long-term policies on which businesses can rely. Whether it is the continued threat of government shutdown in the annual budget/debt ceiling debate, steep spending cuts across the government, or even retroactive tax credits, women entrepreneurs are often left to guess at government outcomes affecting their businesses.

·      Government and private sector efforts should focus on increasing investments that drive economic growth.

 

Telecommunications & technology

·      Increase women and minority media ownership

·      Continue to provide research and development incentives

·      Tax incentives for providing technology advances for rural and urban underserved areas

 

Export & trade

·      Streamline the federal compliance requirements to export

·      Protect innovation and intellectual property abroad

 

“Enacting these policies will unleash the full economic potential of women business owners,” Campbell said. “It would be a boon not only for women entrepreneurs, but for their employees and their communities. Women are an impressive economic force, now. Imagine what they could achieve with this kind of help from lawmakers.”

 

For the full blueprint, visit https://c.ymcdn.com/sites/wipp.site-ym.com/resource/resmgr/economic_blueprint/WIPP_Economic_Blueprint_2017.pdf

 

 

 

###

 

About WIPP

WIPP is a national non-partisan organization advocating on behalf of women entrepreneurs—strengthening their impact on our nation’s public policy, creating economic opportunities, and forging alliances with other business organizations. www.WIPP.org

 

 

 

 


more Calendar

11/27/2017
Give Me 5: Women Veteran Entrepreneurs (Part 1)

12/4/2017
Give Me 5: Women Veteran Entrepreneurs (Part 2)

12/5/2017
Give Me 5: Pricing for Profitability

12/5/2017
Give Me 5: Utilizing FPDS Advanced FIlters

Featured Members
Pamela MazzaWIPP National Partner

Privacy Policy / Disclaimer    |    © WIPP  |    888-488-WIPP

Association Management Software Powered by YourMembership  ::  Legal