ByNWBC Council

INVESTING IN WOMEN-OWNED BUSINESSES

FOR IMMEDIATE RELEASE

Contact:
Temren Wroge
202-738-3523
Temren.Wroge@sba.gov

THE NATIONAL WOMEN’S BUSINESS COUNCILISSUES POLICY RECOMMENDATIONS ON INVESTMENT IN WOMEN-OWNED BUSINESSES

WASHINGTON, D.C., January 16, 2020 – In its new Annual Report, the National Women’s Business Council (NWBC) has issued policy recommendations on angel investment tax credits with the aim of incentivizing new investments in women-owned firms.

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ByNWBC Council

December 2019 Newsletter

The Council Released Its 2019 ANNUAL REPORT

WASHINTON, D.C., January 10, 2019 – Last month, the National Women’s Business Council (NWBC) submitted its 2019 Annual Report to the President, the Senate Committee on Small Business and Entrepreneurship, the House Committee on Small Business, and the Administrator of the Small Business Administration.

“As the report findings and policy recommendations demonstrate, while we have made significant legislative and economic strides in advancing a new generation of women entrepreneurs, much work still lies ahead,” said Sara. “That is why the work of the Council continues to be vital. In 2020, we will continue our efforts with a laser focus on our three overarching issues areas of primary importance.”

ByNWBC Council

NWBC Webinar Series

On January 29, 2020, NWBC will launch a webinar series focusing on the policies and resources that will benefit women business owners and entrepreneurs, educators, investors, and community leaders. Women-led firms struggle to obtain venture capital and angel investments, balance work and family life, and build businesses in male-dominated industries. This webinar series will serve as a platform for business owners to gain the knowledge and skills to elevate their entrepreneurial potential. At NWBC, we will continue to prioritize this challenge and strive to make inroads for women-owned businesses in starting and growing their business.

ByNWBC Council

THE PASSAGE OF ‘BUILDING BLOCKS OF STEM ACT’

FOR IMMEDIATE RELEASE

Contact:
Temren Wroge
202-738-3523
Temren.Wroge@sba.gov

THE NATIONAL WOMEN’S BUSINESS COUNCIL APPLAUDS THE PASSAGE OF ‘BUILDING BLOCKS OF STEM ACT’

WASHINGTON, D.C., January 06, 2020 – S. 737, the Building Blocks of STEM Act, was signed into law by President Donald J. Trump on December 24, 2019. Sponsored by Sen. Jacky Rosen (D-NV), the bill instructs the National Science Foundation (NSF) to more equitably allocate funding for research with a focus on early childhood education. It also directs NSF to support research on factors that discourage or encourage girls to engage in STEM activities, including computer science.

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ByNWBC Council

2019 Annual Report

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We are pleased to share  the Council’s Annual Report for Fiscal Year 2019, “Advancing Women Entrepreneurs. Growing America’s Economy.”

The National Women’s Business Council’s (NWBC) 2019 Annual Report identifies three important initiatives that represent the Council’s focus: improving access to capital for female founders, encouraging more women to start companies in STEM-related fields, and removing obstacles for women business owners in rural areas Read More

ByNWBC Council

COUNCIL ISSUES 2019 ANNUAL REPORT

FOR IMMEDIATE RELEASE

Contact:
Temren Wroge
202-738-3523
Temren.Wroge@sba.gov

NATIONAL WOMEN’S BUSINESS COUNCIL ISSUES 2019 ANNUAL REPORT

NWBC Focuses Its Efforts on: Access to Capital, Barriers for Women in STEM-Related Fields, and Challenges for Women’s Entrepreneurship in Rural Areas

WASHINGTON, D.C., December 20, 2019 – The National Women’s Business Council (NWBC) has submitted its 2019 Annual Report to the President, the Senate Committee on Small Business and Entrepreneurship, the House Committee on Small Business, and the Administrator of the Small Business Administration.

This report recaps NWBC’s 31st year and provides the findings, conclusions, and policy recommendations of the Council. NWBC Chair Liz Sara, now in her second year at the helm, has concentrated its mission to strengthen women in business on three major areas: improving access to capital for female founders, encouraging more women to start and grow companies in STEM-related fields, and removing obstacles for women business owners in rural areas.

The NWBC also launched a Women in Small Business Roundtable series across the country, which convened over 300 women business owners and stakeholders from New York, NY to Nampa, ID; from St. Petersburg, FL to Los Angeles, CA. The goal was to gain a deeper insight into the challenges and overall landscape in which women founders and small business owners currently operate.

“As the report findings and policy recommendations demonstrate, while we have made significant legislative and economic strides in advancing a new generation of women entrepreneurs, much work still lies ahead,” said Sara. “That is why the work of the Council continues to be vital. In 2020, we will continue our efforts with a laser focus on our three overarching issues areas of primary importance.”

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ByNWBC Council

November 2019 Newsletter

NWBC Celebrates Entrepreneurship Month

WASHINTON, D.C., December 5, 2019 – The National Women’s Business Council (NWBC) celebrated National Entrepreneurship Month this November. NWBC recognizes the tremendous accomplishments and contributions of the estimated 13 million women-owned businesses across the country. This year, women-owned businesses employed 9.4 million Americans and had a combined revenue of $1.9 trillion.

ByNWBC Council

NWBC SUPPORTS SMALL BUSINESS SATURDAY

FOR IMMEDIATE RELEASE

Contact:
Temren Wroge
202-738-3523
Temren.Wroge@sba.gov

THE NATIONAL WOMEN’S BUSINESS COUNCIL

ANNOUNCES CONTINUED SUPPORT FOR SMALL BUSINESS SATURDAY

Day Designated to Benefit Small Businesses Brings a Boon to Companies of Every Type and Industry

WASHINGTON, D.C., November 25, 2019 — The National Women’s Business Council (NWBC), a non-partisan federal advisory committee that serves as an independent source of advice and policy recommendations to the President, Congress, and the Administrator of the U.S. Small Business Administration on issues that affect women business owners and entrepreneurs, is calling upon the public to participate in this year’s Small Business Saturday (November 30) and support small businesses of all kinds.

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ByNWBC Council

October 2019 Newsletter

13 Million Women Owned Businesses

WASHINTON, D.C., October 31, 2019 – This month, the National Women’s Business Council (NWBC) celebrated National Women’s Small Business Month and the 31st anniversary of H.R. 5050, the Women’s Business Ownership Act. NWBC recognizes the tremendous accomplishments and contributions of the estimated 13 million women-owned businesses across the country and continues to connect the voices of women entrepreneurs to policymakers in Washington, D.C.

ByNWBC Council

RECAP: Women in Small Business Roundtable – ID

Nampa, ID

RECAP:

WOMEN IN SMALL BUSINESS ROUNDTABLE – NAMPA, IDAHO

WASHINTON, D.C., October 25, 2019 – As part of its ‘Women in Small Business Roundtable Series,’ the National Women’s Business Council (NWBC) held a roundtable in Nampa, Idaho on October 9, 2019, with U.S. Senator Jim Risch (R-ID), NWBC Chair Liz Sara, Council Members Jessica Flynn (Boise-based, Founder & CEO of Red Sky), Barbara Kniff McCulla (Owner of KLK Construction), and Bonnie Nawara (Past Chair of AWBC), and local women business owners. The discussion explored the unique challenges for rural women entrepreneurs and sought to identify untapped opportunities for growth.

The event began with NWBC Chair Liz Sara welcoming the roundtable participants and attendees. “NWBC is honored to be here at Idaho’s new Women’s Business Center. NWBC was established by the same legislation that established the Women’s Business Center program. Each year since our existence, we have advocated for the importance of this program and are pleased by its expansion to Idaho.” She continued, “This year, through the work of the Rural Subcommittee, led by Jessica Flynn, we focused on the importance of women’s business centers as a central resource for women entrepreneurs in rural communities.”

NWBC Council Member Jessica Flynn, a local of Boise, then introduced U.S. Senator Jim Risch (R-ID), who provided a brief legislative update and opened the conversation to the local business owners. The Senator noted that Idaho ranked 3rd in the nation for fastest growth of small business in 2018 and highlighted the economic impact of the female founders. He reiterated his commitment to empowering rural women entrepreneurs in the region.

Multiple participants referenced the absence of affordable childcare options in the state and suggested that this void prevents many women from launching new business ventures or entering the workforce altogether. Historically, Nampa has been known for its strong agricultural base. However, the city also has a large and diverse manufacturing and retail base and has gained strength from the technology industry.

A representative from the Small Business Administration recognized the cyclical nature of agriculture businesses and advised that the best time to get a line of credit is when you do not need it. He also highlighted SBA’s LenderMatch program, a free online referral tool that connects small businesses with participating SBA-approved lenders.

The founder & CEO of an e-commerce apparel brand revealed the toll that subpar infrastructure took on her bottom line. “I spend more upgrading my city block than my buildings cost me,” she revealed.

Broadband was also a major topic of discussion. A recent ranking of fixed-broadband download speeds listed Idaho as the fourth slowest state in the country. The same study also examined broadband speeds in America’s 100 largest cities and ranked Boise’s speed as 95th. Council Member Jessica Flynn lamented, “Broadband continues to be a major barrier to local entrepreneurial success and, even more, to scaling the economy.” She then shared the Council’s plans to examine the FCC mapping process and gather further input from women around the country on the broadband challenges that they face. Access to reliable broadband has been a recurring theme for women entrepreneurs. NWBC Council Member Barbara Kniff McCulla noted a similar situation in her home city of Pella, Iowa. She briefly discussed the ways that Kim Reynolds, Governor of Iowa, was working to address the issue.

NWBC Council Member Bonnie Nawara wrapped up the roundtable discussion by highlighting the overarching themes and reiterated the Council’s commitment to employ the feedback received as a springboard for the Council’s policy recommendations to Congress, the President, and the Administrator of the Small Business Administration. The Council appreciates the participation from diverse business owners and stakeholders in the Nampa area.