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WIPP In Action - July 2019

Monday, July 15, 2019   (0 Comments)
Posted by: Laura Berry
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WIPP In Action: Summer Successes undefined
Women Impacting Public Policy

Celebrating a Summer of Success

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What a fantastic 2019 WIPP Business Leadership Conference! The positive buzz we are hearing means the world to me and Team WIPP. We are so grateful to our dedicated community of leaders as well as new members from across the country who traveled to our conference this year.

 

We accomplished a lot during #WIPPConf, including the following:

  • Engaged in 11 breakout education sessions
  • Hosted nearly 100 Match Maker Meetings
  • Heard from GSA Administrator Emily Murphy on upcoming trends
  • Showed our competitive side in our Advocacy trivia
  • Enjoyed fun evening receptions with fantastic networking
  • Shared a phenomenal Legislative Breakfast with five Members of Congress
  • Discussed pending legislation with key staffers at the Russell Senate Office Building

We invite you to take a look back at our conference photo gallery or watch our WIPP conference wrap-up video. You might spot a familiar face or two!

Play the WIPP Business Conference Video
Candace Waterman

Our conference was capped with news that the Women and Minority Equity Investment Act of 2019 () bill, championed by WIPP, was introduced by Senators Cantwell and Rubio the morning after our conference concluded. We spoke directly to this issue with staffers from both the Senators' offices during our conference roundtable. This bill allows women-owned federal contracting firms to take investment by women-owned equity firms and still meet the “51% unconditionally owned and controlled” standard set by SBA to participate in the WOSB/EDWOSB program.

 

Learn more about the bill in our Chief Advocate Ann Sullivan's column (see below), and please ensure you stay tuned for more Action Alerts this summer on key legislation related to our significant WIPP Policy Priorities.

 

Next month, we'll see you in Chicago and San Antonio for our ChallengeHER events as well as online for our virtual webinars. Browse our summer resource offerings below and get involved today!

WIPP Champions Investment Breakthrough with Equity Bill

Ann Sullivan

Ann Sullivan WIPP Chief Advocate

Championed by WIPP, the Women and Minority Equity Investment Act of 2019 () allows women-owned federal contracting firms to take investment by women-owned equity firms and still meet the “51% unconditionally owned and controlled” standard set by SBA to participate in the WOSB/EDWOSB program. WIPP also brought minority-owned firms along with us in this legislation, allowing for minority-owned firms to invest in minority-owned companies. We thought it was important and the right thing to do.

 

According to my friends, Amy Millman, who runs Springboard Enterprises, and WIPP Member Sue Malone, who funds small businesses through equity investments, solves a problem that has been discussed for 20 years. Representative Robin Kelly (D-IL), the first elected official to identify this problem, introduced a similar bill in the House, .

 

It should come as no surprise that the numbers are abysmal when it comes to equity investment in women. According to the press release issued by Senator Cantwell: “[The] percentage of women-owned businesses rose from 4.6% in 1972 to 40% in 2018, but they still receive less than 4% of venture funding.” Equity investment is a term that encompasses venture capital, private equity, and angel investment. Equity simply means ownership. In exchange for a percentage of ownership, the investor provides capital. An example of this investing at a very basic level is the TV show Shark Tank.

 

 


 

Webinars

American Express: Summit for Success

ChallengeHER webinars offer you an opportunity to hear from experts in government contracting from the comfort of your office, your home, or even on the road. Register for our upcoming webinars:

 

Pricing For Profitability

with Marsha Lindquist

July 24 at 2 p.m. EST

 

Understanding How the Government Works: Follow the Money

July 31 at 2 p.m. EST

 

Workshops

American Express: Summit for Success

ChallengeHER in-person workshops are our classic format to network, schedule match making meetings, and learn more about strategies for winning business with the U.S. Government. Register for our upcoming workshops:

 

University of Illinois at Chicago

August 6 from 8 a.m. to 12:30 p.m. CST

 

Norris Conference Center

August 8 from 8 a.m. to 12:30 p.m. CST

 

WIPP Action Alerts

WIPP Action Alerts

Summer is a great time to continue your practice of meeting, calling, and writing your legislators. Stay tuned for important Action Alerts on the upcoming SBA Reauthorization as well as important policy priorities for women business owners across the nation.

WIPP Education

WIPP Education Platform

Stay tuned for a new slate of WIPP Education Platform webinars and workshops launching in August, including a New Member Orientation as well as a Digital Communications series. Meanwhile, WIPP Members can download webinars from spring!

1120 Connecticut Ave NW Suite 1000

Washington, D.C. 20036

1-888-488-9477

 

WIPP thanks our Corporate Partners:

 

Accenture | American Express | Comcast | Intuit | L3 Technologies | Live Oak Bank | Lockheed Martin | Northrop Grumman | Pfizer | Southern California Edison | Southwest Airlines | Verizon | Walmart

 

WIPP is a national nonpartisan 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. .

 

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