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WIPP's June 2018 Newsletter

Saturday, June 9, 2018  
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WIPP's June 2018 Newsletter


WIPP MISSION STATEMENT

 
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 President's Corner

June 2018

 

Action always beats intention – and the future depends on what we do today.

From its inception, the core of WIPP’s mission has been uniting women entrepreneurs across the country to raise their voices and take action on issues impacting their business.  At WIPP we know that engagement of women business owners, like you, as well as organizations and corporations that support women entrepreneurship will lead to better policies and more accountable public officials.

To help us in our work to improve the economic and regulatory climate for women in business, I’m excited to announce WIPP’s 2018 Advocacy Pillars:

  • Create Parity for Women-Owned Small Businesses in Federal Contracting
  • Infrastructure Improvements
  • Fairness in the Workplace
  • Modernizing Our Tax Code
  • Increasing Access to Capital for Women

These pillars represent the core issues critical to the success of women business owners and the areas of policy WIPP will focus on in our advocacy efforts. WIPP’s Economic Blueprint provides you with a deep dive in each of these issue areas and discusses some of the current legislation as well as WIPP policy recommendations on our 2018 Advocacy Pillars.

In addition to our focus on advocacy, access to procurement opportunities is a top priority for WIPP. We are also launching our 2018 Procurement Education Platform which focuses on the following topics that are in alignment with, and support our Advocacy Pillars:

  • Doing Business with the Federal Government
  • Building Capacity
  • Financing Growth

We will work to bring you relevant educational content, webinars, events and develop partnerships that help support these key areas to federal contracting success.  WIPP already has an extensive catalog of helpful recorded webinars you can explore and a number of upcoming events around our popular procurement initiatives – Give Me 5 and ChallengeHER. We look forward to building on this great work.

The future depends on what we do today – and WIPP continues to take action to ensure that women business owners continue to be a strong economic force in the United States and increasingly, in the world.

- Candace Waterman, WIPP President & CEO

@CandaceWaterman

 

 

 WIPP Works in Washington

 

Adding the Voice of Women Business Owners in Addressing the Skills Gap

 

by Ann Sullivan, WIPP Chief Advocate - @AnnSullivanMSGI

At a recent meeting with women business owners—midsize and small--they pointed out shortages in the workforce that presented a present and future issue.  The concerns ranged from finding truck drivers and master electricians to highly skilled technical personnel.  Business owners aren’t the only ones talking about the shortages in the workforce, Congress and the Administration are concentrating on strategies to fill what is known as the “skills gap.”

The Obama Administration workforce development priorities focused on promoting community colleges and their two-year, associates degree tracks as a valid alternative to four-year degree programs, as well as encouraging partnerships between community colleges and employers.

The Trump Administration is focusing its efforts on apprenticeship.  Last year, President Trump signed an Executive Order (EO), “Expanding Apprenticeships in America,” which would provide industry associations, unions, and other stakeholders the flexibility to develop industry-recognized apprenticeships, loosening the Department of Labor regulations on apprenticeship programs.  The Administration’s Executive Order also doubled the amount of money for apprenticeship grants, from $90 million to almost $200 million a year. Additionally, the order establishes a new Task Force on Apprenticeship Expansion, chaired by the Secretary of Labor and co-chaired by the Secretaries of Education and Commerce. It would also include representatives from industry, labor, and educational institutions.

Congress is also taking a hard look at the skills gap. In a recent House Small Business Committee hearing, “Workforce Development: Closing the Skills Gap,” the committee discussed career and technical education (CTE), as well as apprenticeships as a strategies to addressing the lack of qualified, skilled workers needed by business and industry. Other Committees on both sides of Congress are also trying to figure out how to chip away at this issue.

WIPP members come to the workforce development issue from two angles:  one as an employer and one as a woman who likely experienced additional challenges in the workplace.  We are sensitive to making sure women are an important part of the workforce and treated fairly.  The article “10 facts about American women in the workforce,” highlights particular issues that women struggle with such as the wage gap, labor participation rates and paid maternity leave.

In fact, the President’s daughter, Ivanka Trump, has also brought forth the struggle with childcare as a priority issue for this Administration— with good reason. Most young children in the U.S. have parents who work outside the home or are business owners. According to the Brookings Institute, in 56% of married families with children under six, both parents work.  For single mothers the employment rate is 6%. Childcare is a necessity for these families, and unfortunately often unaffordable in the United States. Working families are spending on average between 29% to 52% of their take-home pay on childcare costs, yet the U.S. Department of Health and Human Services concludes that affordable childcare should not exceed 7% of family income.

Workforce development is a new issue to WIPP’s policy team and we welcome your thoughts and experiences.  Our goal is to ensure that the voice of women business owners is part of the discussion in both Congress and the Administration.  Businesses of all sizes share a common goal of building America’s workforce to adapt to the economy of tomorrow.  Women as business owners should be taking the lead in this effort by taking steps from strengthening women’s participation in STEAM, to being visible in the highest positions in business and industry.  There is so much work to do and our voice is critical to the solution.

 

WIPP Action Alert!

Contact Your Members of Congress to Support the Prompt Pay Act (S.2893)!

 

 

Senators Ben Cardin (D-MD) and Mike Enzi (R-WY) recently introduced the Prompt Pay Act (S.2893) which would direct the Department of Defense to make payments to small business prime contractors within 15 days of sending an invoice. This important legislation needs to move quickly to maintain assurance of prompt payment for small business contractors working with the Defense Department.
 

Please contact your Senators to urge them to support the

Prompt Pay Act, and sign on as a cosponsor!

 

Not sure what to say? Use this sample script:

 

My name is _____________, I am a constituent and [owner/founder/president] of [business name]. As a woman-owned small business contractor, I am calling to urge the Senator to support S.2893, the Prompt Pay Act. This bill is crucial for small business contractors working with the Department of Defense, because it would direct DOD to make payments to small business prime contractors within 15 days of sending an invoice. Small business contractors rely on a steady flow of income to be able to continue to service their customers and contracts. Ensuring prompt payment for small business contractors will help provide stability for companies who suffer large consequences when payments are delayed. Please ask the Senator to support the Prompt Pay Act and consider cosponsoring the bill. Thank you for your time.

 

 Visit WIPP's Legislative Action Center to Email Your Senators!

 

 News Roundup

House Passes FY2019 National Defense Authorization Act With Important Small Business Provisions

The House of Representatives passed the FY2019 National Defense Authorization Act by a vote of 351 to 66, prior to congressional recess. The annual defense spending measure would allow the Pentagon to spend $686 billion in the 2019 fiscal year. The legislation included important small business provisions:

Technical Assistance for Small Business: The Department of Defense (DOD) is directed to develop a small business strategy that would include a unified management structure for small business programs. DOD would also be responsible for outlining how they will engage in outreach and technical assistance to facilitate small business participation in defense programs.

Prompt Payment: The Department of Defense (DOD) is directed to accelerate payments to small business prime contractors and subcontractors, with the goal of making payment within 15 days of receiving an invoice.

Adjustments: Solicitations for small business contracts would have to include information about the agency’s policies and performance in responding to requests for compensation changes.

Expansion of Microloan Program: The loan limit in the SBA’s microloan program would be increased from $5 million to $6 million after a recipient’s first year of participation. The program allows intermediary lenders to provide loans for business development, as well as marketing, management, and technical assistance, to minority-owned or disadvantaged small businesses. Another change is the time allocation for technical assistance providers. Intermediaries could spend as much as 50% (instead of the current 25%) of their grant funds to provide information and technical assistance to prospective borrowers. 

Increased Investment Limit for Small Business Investment Companies (SBICs): Banks and savings associations could invest as much as 15% of their capital and surplus in small business investment companies (SBICs) if approved by federal banking regulators. The limit is currently 5%. The maximum amount of leverage available to SBICs would be increased to $175 million from $150 million.

SBIR/STTR: Federal agencies are directed to set aside a share of their research budget for the Small Business Innovation Research program (SBIR). Agencies with larger research budgets must also set funds aside for the Small Business Technology Transfer program (STTR). This provision would allow federal agencies to use as much as 3% of reserved funds for program administration. It would also allow all agencies with SBIR programs in FY2018 through FY2022 to provide phase II grants, which focus on development and delivery of an innovation, regardless of whether a small business had first received a phase I grant for initial research.

Broadband & Information Technology: The SBA’s Office of Investment and Innovation is directed to designate an employee as the broadband and emerging information technology coordinator. They would be responsible for connecting small businesses with financing programs, and advising these businesses on how to acquire broadband and new information technology.

The Senate Armed Services Committee has approved their FY2019 legislation. The full Senate is expected to begin debate on the bill this week.

 

Federal Government Falls Short of Meeting Women-Owned Small Business Contracting Goal in FY2017

The U.S. Small Business Administration (SBA) released their FY2017 Small Business Procurement Scorecard this week, which shows that the federal government failed to meet the 5% goal of prime federal contracts awarded to woman-owned small businesses (WOSBs). Only 4.71% of prime contracts – down from 4.79% in FY2016 – went to women-owned small businesses, though the amount of contracting dollars slightly increased from $19.7 billion to $20.8 billion. Learn more!

 

New Report Finds That Adding More Women to the Workforce Would Boost the Stock Market

In a new report released by S&P Global, researchers found that increased women's labor force participation rate (LFPR) would accelerate U.S. GDP growth adding $5.87 trillion to the global stock market in ten years. Also highlighted in the report is that an increase in women’s participation to that of other advanced countries would add an average of 0.2 percentage point annually to U.S. GDP in the coming decade—a $455 billion in output. Learn more!

 

CORPORATE PARTNER SPOTLIGHT:  Walmart Unveils New Education Benefit for Employees

Walmart recently announced a new associate education benefit designed to remove barriers to college enrollment and graduation. In partnership with Guild Education, a leading education benefits platform, Walmart associates will be able to access affordable, high-quality associate’s and bachelor’s degrees in Business or Supply Chain Management. This new program is part of the company’s commitment to train and educate workers to advance in the jobs of today -- and the future. Learn more!

 

 Webinars and Events

 

 

 

 

 

 

 

  Give Me 5 Upcoming Webinars/Virtual Mentoring:

  • June 12th, 2:00pm ET – Virtual Mentoring: Speak with Gloria Larkin of TargetGov directly about any questions you have on Executing Your Plan to Add A Zero to Your Revenues. Click here to register!
  • June 27th, 2:00pm ET – Virtual Mentoring: DCAA Audit Readiness - Understanding Project Accounting and its Impact on Government Contractors with Lisa Anderson, President/CEO of Anavo Transformation Solutions LLC. Get insight into the Contract Cost Principles and Procedures of FAR Part 31 and the steps to maintain compliance and audit readiness. Click her to register!
  • July 18th, 2:00pm ET - Life After 8a: How to Continue to Grow Your Federal Business After Exiting the 8a Program with LaJuanna Russell, President & CEO of Business Management Associates. Learn how Russell used the 8(a) program as a springboard for obtaining government contracts and growing her business. Russell will share her "secret sauce" to effective entrepreneurial leadership and sustainable—but aggressive — business growth. Click her to register!

 

  American Express Summit for Success

  • June 26, 8:00am ET – Washington, DC: The American Express Summit for Success in Washington, DC is a free one-day event designed to help grow your business. Attendees will learn about opportunities for growth through government contracting, corporate procurement and exporting while hearing from insightful industry leaders and participating in interactive workshops, group mentoring and one-on-one business matchmaking sessions. Click here to register!

 

WIPP hosts a variety of educational and informational webinars on a variety of topics aimed at helping women bolster their business. Check out our roster of upcoming webinars here.

WIPP has an extensive catalog of helpful recorded webinars you can explore and a number of upcoming events around our popular Give Me 5 initiative. View them whenever you have a free minute!

 

ChallengeHER

Our calendar of ChallengeHER events is filling up! These events are in-person and held around the country. They are designed to give women business owners the information they need to know to succeed in government contracting. Visit our website to learn more about the program.

Upcoming events:

 

 

 Amplify Your Voice: Join WIPP today!

 
Help us ensure that the voice of women business owners is heard loud and clear by policymakers in our nation's capital.


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more Calendar

7/18/2018
Give Me 5: Life After 8a

7/19/2018
ChallengeHER Arlington, VA

8/1/2018
Give Me 5 Virtual Mentoring: Life After 8a

8/22/2018
Give Me 5: Straight Answers About How FPDS-NG Support GovCon Business Development

9/5/2018
Give Me 5 Virtual Mentoring: Straight Answers About How FPDS-NG Support GovCon Business Development

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