|Access to Capital|
Access to Capital
Stung by the revelation of the Senate Small Business Committee that only 4% of all commercial loan dollars and only 2.7% of all venture capital funds go to women, WIPP endeavored to take on the access to capital challenge. Looking for policy changes which impact freeing up capital to women, WIPP launched its Capital Access Platform, “Breaking the Bank: Women Entrepreneurs and the Need for Capital.” The platform’s release focused discussions on Capitol Hill and led to an examination of how SBA programs could better serve women.
In 2016, WIPP will turn these policy initiatives into reality. To spur lending and fuel innovation, WIPP will engage on three broad themes:
The eleven recommendations range from simplified intellectual property filings to ending a “one-size-fits-all” approach to lending regulation to modernizing credit-scoring models. Groundwork to build support in Congress for individual provisions is already underway.
Join WIPP’s Access to Capital Committee to get access to exclusive policy briefings and teleconferences with industry experts and policymakers on capital access related issues. Committee members receive special communications on policy, regulations, and research on this subject matter.
NEWS & POLICY UPDATES
By JeFreda R Brown, CEO, Goshen Business Group LLC, WIPP National Partner
By Magdalah R. Silva
By Emilia DiMenco, President & CEO, Women’s Business Development Center
By Tracy Killoren Chadwell, Founder and Partner of 1843 Capital, WIPP Friend
WIPP advocates for legislation that will increase availability capital and remove obstacles to obtaining it. WIPP is actively tracking the legislation on the list below. Bills are categorized by policy theme:
Re-think Credit Scores
H.R. 4172 – The Credit Access and Inclusion Act
Strengthen IP Protections
S. 2846 – Small Business Innovation Protection Act of 2016
Strengthen Government Investment
S. 2992 – The Small Business Lending Oversight Act of 2016
S. 2850 – The Microloan Program Modernization Act of 2016
H.R. 5672 - State Small Business Credit Initiative Reauthorization
H.R. 4168 – The Small Business Capital Formation Enhancement Act
Accelerate SBIR Commercialization
S. 2812 – SBIR/STTR Reauthorization Act of 2016
H.R. 4783 – Commercializing on Small Business Innovation Act
Support Small Lending
H.R. 4638 – Main Street Growth Act
H.R. 4850 — The Micro Offering Safe Harbor Act
Provide Financial and Business Counseling
H.R. 207 - Developing the Next Generation of Small Businesses Act of 2016
ChallengeHER Washington D.C.