|Get Connected, April 2015|
WIPP has a big month ahead! We will be launching our 2015 ChallengeHER event series with an event in Washington D.C. at the Small Business Administration. Additionally, WIPP has partnered with the SBA as a cosponsor of National Small Business Week – a time when we celebrate the contributions of small businesses to our economy. Finally, WIPP is very excited to announce the launch of our National WOSB Directory highlighting qualified, women-owned businesses in the federal contracting arena. Learn more below!
WIPP NEWS SECTION:
Take WIPP’s National Survey of Women Business Owners
We need your help to educate policymakers and the media on the issues that are impacting women business owners this year. Every year WIPP conducts a national survey of its constituency of women business owners to gain insight and information, assess the importance of economic issues, and evaluate policy issues. Our 2015 WIPP National Survey of Women Business Owners is now open.
If you have not already done so, please help us by taking time to respond to WIPP’s 2015 National Survey. This survey will take approximately 20 minutes of your time and all responses are anonymous. The information we collect will provide WIPP with your viewpoints on issues such as the economy, access to capital, government contracting, and more.
We know your time is valuable. This survey is vital to WIPP and our ability to represent the needs of women business owners, like you, as we work to create an economic and regulatory climate that helps women successfully start, manage and grow their businesses.
Thank you in advance for taking the time to share your responses to the 2015 WIPP National Survey of Women Business Owners!
SOCIAL MEDIA SUGGESTIONS:
WIPP needs your help to educate policymakers and the media on the issues that are impacting women business owners this year. Take the WIPP 2015 National Survey of Women Business Owners Today! http://bit.ly/1bYgN13
Tell #WIPP about the Issues Impacting Your Business – take their National Survey today! http://bit.ly/1bYgN13
WIPP POLICY UPDATE:
Senate Small Business Committee Passes Record Breaking Number of Bills
Recently the Senate Committee on Small Business & Entrepreneurship passed eight small business bills by unanimous consent. Actions on SBA lending programs topped the list by increasing funding levels for SBA’s 7(a) loan program, extending the low-interest refinancing provisions for loans under the SBA’s Local Development Business Loan Program (also known as the 504 program), and making loan information available to borrowers seeking SBA loans.
In addition, the Committee strengthened the Small Business Investment Company (SBIC) program which provides equity financing to small businesses. Rounding out the list was the adoption of legislation that waived fees on 7(a) loans for veterans and changing requirements for past performance of joint ventures and teams. The Committee modernized the Small Business Development Center program and increased funding levels for the SCORE program.
Senator Maria Cantwell (D-WA) noticed that the Committee failed to address concerns of the Women’s Business Center (WBC) program and expressed her intentions to increase assistance to women business owners by introducing an amendment. Cantwell introduced the Women’s Small Business Ownership Act in the 113th Congress. The WBC program supports the national network of more than 100 centers assisting women entrepreneurs. WIPP is working with the Committee and Senator Cantwell to remedy this oversight.
For more information, please visit the following:
· Vitter Legislation to Help Grow Small Businesses Passes Through Committee: http://1.usa.gov/1PPcB1T
· In First Markup of 114th Congress, Small Business Ranking Member Shaheen Applauds Progress on Legislation: http://1.usa.gov/1J5IAa9
Facebook: Vitter’s Legislation to Help Grow Small Businesses Passes through the Senate Committee on Small Business and Entrepreneurship http://1.usa.gov/1PPcB1T
Twitter: Senate #SmallBiz Committee passes record number of bills #Vitter #Legislation http://1.usa.gov/1PPcB1T
Association for Enterprise Opportunity (AEO)
The Association for Enterprise Opportunity is holding its 2015 Leadership Forum May 6-8, 2015, in Washington, D.C.’s Georgetown community. This historic convening is designed to frame the work of the microbusiness/microfinance industry for decades to come and to set a cross-sector, cross-generation strategy to make every Main Street investable. The Forum will convene 100 of the nation’s top leaders and influencers in microbusiness/microfinance where our conversations about policy, industry-shifting innovations, and new frontiers in access to capital will shape the future of the industry, and Main Street, for the next several years.
The Forum agenda and theme, Across Sectors. In Collaboration. For Community, are designed to spark a cross-sector, inclusive dialogue followed by collective strategy-setting to shape a more prosperous future for America’s largest segment of entrepreneurs so they can start, grow, and stay. Click here to view the agenda.
Forum attendees represent the diversity of senior executives across the ecosystem of small business and microfinance, including nonprofit lenders, fintech companies, business service providers, advocates, philanthropists, and entrepreneurship enthusiasts. The thread of our common values and priorities—fostering business ownership—is considerably potent to produce good local jobs, to grow an inclusive economy, and to help secure the American Dream for all who strive to achieve it.
There is an urgent need for monumental change in the systems that Main Street business owners must rely on for capital to start, grow, or hire. Underserved entrepreneurs continue to face roadblocks and hurdles to get basic resources they need to succeed. If we don’t respond, who will? Individuals from across the microbusiness and microfinance landscapes are attending the Forum to help shape our collective strategy for the future; they are committed to ensuring that America’s largest segment of entrepreneurs have what they need to build and maintain thriving enterprises.
The Association for Enterprise Opportunity (AEO) is the voice of microbusiness in the United States. For two decades, AEO and its more than 400 member organizations have helped millions of entrepreneurs contribute to economic growth while supporting themselves, their families, and their communities. AEO members and partners include a broad range of organizations that provide capital and services to assist underserved entrepreneurs in starting, stabilizing, and expanding their businesses. Together, we are working to change the way that capital and services flow to underserved entrepreneurs so that they can create jobs and opportunities for all.
Twitter: Congrats #WIPP Coalition Partner of the Month: @AEOworks! Learn more about AEO here: www.aeoworks.org #smallbiz
WIPP Education, Events, Promotions:
National Small Business Week 2015
It is that time of year where we celebrate National Small Business Week, being held the week of May 4th – 8th — a time to honor the contributions made to our economy and communities by our nation’s small businesses. As women business owners, we have a lot to celebrate.
As of 2014, it is estimated that there are over 9.1 million women-owned businesses in the United States, generating over $1.4 trillion in revenues and employing nearly 7.9 million people, according to the 2014 State of Women Owned Business Report commissioned by American Express OPEN. Between 1997 and 2014, the number of women-owned firms have grown at a rate 1½ times the national average. Furthermore, the number of $10-million-plus women-owned firms increased by 57% — a growth rate nearly 50% more than $10-million-plus firms overall, according to Growing Under the Radar: An Exploration of the Achievement of Million-Dollar Women-Owned Firms.
These are staggering results considering that it was only 40 years ago, in 1974, that the Equal Credit Opportunity Act was passed helping women to establish credit in their own name. And while challenges persist for women who take the leap to start their own business, this week as we nod our head to small businesses let’s not forget how far women entrepreneurs have come and the path they continue to blaze moving forward.
Take a look at the National Small Business Week events the week of May 4th – 8th: https://www.sba.gov/nsbw/nsbw
Honor the contributions made to our economy and communities by our nation’s small businesses - Celebrate National Small Business Week 2015! Take a look at the events the Week of May 4-8: https://www.sba.gov/nsbw/nsbw #SBW2015 #WIPP
Take a look at the #SBW2015 events the week of May 4-8 https://www.sba.gov/nsbw/nsbw
PARTNER NEWS & EVENTS
Montgomery County Chamber of Commerce (MCCC) to hold 2015 GovConNet Procurement Conference: The MCCC GovConNet Procurement Conference attracts 800+ businesses to gain new insight and gain valuable business connections with federal, state and local agencies; prime contractors; and other contractorss. Learn more: http://mcccmdgovconnet.com/
Small Business & Entrepreneurship Council Small Business Tax Index 2015: SBE Council recently published “Small Business: Tax Index 2015- Best to Worst State Tax Systems for Entrepreneurship and Small Business,” which ranks the 50 states according to the costs of their tax systems for entrepreneurship and small business. Read the report here: http://bit.ly/1xeVOAh
Women Entrepreneurs & Girls in STEM Event, San Francisco, CA – May 14th. In a unique collaboration between the National Association of Women Business Owners (NAWBO-SFBA), Women Impacting Public Policy (WIPP) and Women's President's Organization (WPO), come and meet a panel of strong, courageous, and talented San Francisco Bay Area women entrepreneurs within STEM industries who will talk about and share their unique challenges within these male-dominated fields and how they overcome these barriers to eventually succeed. Learn more & register: http://bit.ly/1DRAiyj
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