ByNWBC Council

NWBC Partners with the U.S. Census Bureau to Host Symposium

In celebration of National Women in Small Business Month, the NWBC recognizes their partner, the U.S. Census Bureau, in advocating for women-owned businesses. In 2012, the Survey of Business Owners (SBO) found that there were nearly 10 million women-owned business in the United States, that generated over $1.4 trillion in sales and employed over eight million people.

At the NWBC, we know that we cannot count what we do not measure. Sound policy initiatives and recommendations that improve the economic climate for women-owned firms are founded in reliable data and impactful research that drives actionable change.  To do this, the NWBC relies on the U.S. Census Bureau’s  SBO and Annual Survey of Entrepreneur (ASE) data to portray the state of women’s entrepreneurship and the impact that they have on the U.S. economy.

On September 20, 2018, the National Women’s Business Council (NWBC), in collaboration with the U.S. Census Bureau’s Center for Administrative Records Research and Application (CARRA), held the first ever federal government’s Demographics of the Entrepreneur & Self-employed Research Symposium.  This day-long event convened nearly 100 researchers and experts from across the country to explore topics related to entrepreneurship through the lens of gender, age, race, and ethnicity.

“Since the business census began counting women owned businesses in 1977, the U.S. Census Bureau has been a partner to NWBC. It was when the Census Bureau began counting women businesses that lawmakers began referring to women businesses as the sleeping giant of the U.S. economy” said NWBC Chair Liz Sara during her opening remarks. “We look forward to continuing our partnership with the US Census to ensure that the tremendous economic impact of women-owned businesses does not go unknown or unrecognized,” she continued. This was reiterated as 16 presenters discussed groundbreaking research and data related to topics such as the gig economy, millennial entrepreneurship, and motivation for starting a business.  A key concept throughout the presentations was the importance of current and reliable data to highlight key trends and statistics on business owners and self-employed individuals throughout the United States.

During the workshop, the U.S. Census Bureau discussed various changes that will be implemented to the economic census and data landscape and their goal of providing users with up-to-date data on business ownership. Specifically, they highlighted the forthcoming Annual Business Survey (ABS) and the proposed development of the Non-employer Statistics by Demographics Data (NESD). The new ABS will be a vital tool for generating policy recommendations for – and analyzing the impact of – employer firms by gender, race, ethnicity, and veteran status. However, employer firms are only one side of the story.

It remains critical to the continued success and advancement of women entrepreneurs and business owners that we continue to count all women-owned firms. As of 2012, nearly 90 percent or 8.8 million women-owned firms had no employees. These firms have contributed combined revenues exceeding $229 billion annually to the U.S. economy.  NWBC supports U.S. Census Bureau business data collection efforts, because a trustworthy measurement of non-employer firms allows the NWBC to develop a holistic picture of women entrepreneurs for policy makers and key stakeholders.

NWBC supports the U.S. Census Bureau’s development of NSED, which will ensure that the economic contributions of women-owned firms without employees will not be overlooked.   The NSED would provide the necessary data to account for all women-owned businesses in the U.S., the progress made, and the barriers that remain in their establishment and growth. Together, we – the National Women’s Business Council and the U.S. Census Bureau, must ensure that women-owned businesses continue to be counted.

ByNWBC Council

NWBC Celebrates Hispanic Heritage Month

WASHINGTON, D.C., October 2, 2018 – This Hispanic Heritage Month, the National Women’s Business Council (NWBC) recognizes the tremendous contributions Hispanic women business owners have made to the U.S. economy, and anticipates great accomplishments as they continue to fulfill their entrepreneurial potential.

Research on Hispanic Women entrepreneurs conducted by NWBC finds that there are over 1.9 million Hispanic women-owned firms in the United States. These firms are growing in number, revenue, and employment. According to the 2018 State of Women-owned Businesses Report by American Express, 400 Hispanic women-owned businesses are launched each day; and since 2007, Hispanic women-owned firms have grown at a rate of 172 percent. Their economic impact is profound and is expected to increase in the coming years.

Hispanic women are also job creators. Recent U.S. Census Bureau data analyzed by the NWBC shows that from 2014-2016 employment amongst Hispanic women-owned firms grew at a rate of 14 percent. In 2016, Hispanic women employed over 570,000 workers.

“It is impressive to see how Hispanic women-owned businesses are having a major impact on job creation and economic growth in our country,” says NWBC Chair, Liz Sara, “The rate of new businesses being launched daily by Hispanic women is a testament to how their entrepreneurial spirit is shaping the new workforce of the 21st century. The National Women’s Business Council is committed to supporting Hispanic women-founded firms from startup to scale. With a thriving entrepreneurial ecosystem, these firms will continue to have great success.”

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About National Women’s Business Council

The National Women’s Business Council (NWBC) is a non-partisan federal advisory council created to serve as an independent source of advice and counsel to the President, the Congress, and the Administrator of the U.S. Small Business Administration (SBA) on issues of impact and importance to women business owners, leaders, and entrepreneurs. To learn more about NWBC, visit www.nwbc.gov.

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ByNWBC Council

National Women’s Business Council Welcomes Liz Sara as Chairperson

WASHINGTON, D.C., August 8, 2018 – The National Women’s Business Council (NWBC) is pleased to welcome Liz Sara as Chairperson of the Council. On Monday, July 23, 2018, President Donald J. Trump appointed Ms. Sara, of the District of Columbia, to serve a three-year term. Ms. Sara will bring with her 30 years of achievement as an entrepreneur, business owner, and small business champion.

“Women are a vital driver of our nation’s economy, and I am thrilled that Liz will be lending her experience and savvy business leadership as she serves as Chairperson of the Council,” said SBA Administrator Linda McMahon. “Our priority is to ensure the federal government is deploying the critical resources entrepreneurs need to successfully launch small businesses and grow them.”

“I am excited to work with the Council and the teams at NWBC and SBA to help women founders blaze more trails and get the support, resources and funding they need to succeed,” Ms. Sara comments. “Leveraging my network, experience and hands-on work with entrepreneurs, I am confident we can all make a positive impact on helping women founders successfully navigate the challenges of starting and growing their business. I’m honored to be selected for this role.”

NWBC Executive Director, Nina Roque added, “I am very pleased by the appointment of Liz as Chairperson of the Council. With her leadership and entrepreneurial expertise, I am confident that together, we will elevate the voices of women business owners and entrepreneurs across this country.”

Ms. Sara is the Founder and President of Best Marketing, LLC, where she consults for more than 90 small businesses in the high-tech sector, and serves as a chief business advisor to entrepreneurs in creating and executing go-to market strategies. Previously, she played a principal role as Co-founder of SpaceWorks, an eCommerce software company, where she facilitated its startup and growth to nearly $25 million in revenue.

Ms. Sara recently completed her term as the first female Board Chair of the Dingman Center of Entrepreneurship at the University of Maryland’s Robert H. Smith School of Business. Ms. Sara is also an Adjunct Professor of Marketing at the Smith School of Business. She is an angel investor, a mentor to startup CEOs through many incubators and accelerators, and a frequent author and conference speaker on topics related to entrepreneurship and business.

Ms. Sara holds her Bachelor’s degree from the State University of New York and her Master’s degree from the University of Maryland.

 

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About National Women’s Business Council

The National Women’s Business Council (NWBC) is a non-partisan federal advisory council created to serve as an independent source of advice and counsel to the President, the Congress, and the Administrator of the U.S. Small Business Administration (SBA) on issues of impact and importance to women business owners, leaders, and entrepreneurs. To learn more about NWBC, visit www.nwbc.gov.

ByNWBC Council

Twitter Chat | Entrepreneurial Support for Her Business: June 27, 2018

We invite you to participate in the Twitter chat, “Entrepreneurial Support for Her Business” on Wednesday, June 27 at 3:30 pm ET. Follow along with the hashtag #NWBCchat.

The NWBC will host a twitter chat to discuss existing entrepreneurial development forms of support and resources, particularly for women entrepreneurs. This Twitter chat will share insight on various entrepreneurial resources and forms of assistance across the ecosystem, and how women can take advantage of such resources to build and strengthen their business.

Below you can find some of the questions for the Twitter Chat:
•Q1: How does the government support women entrepreneurs in building a business? #NWBCchat
•Q2: What are some business support organizations that can help you grow your business? #NWBCchat
•Q3: What are some important entrepreneurial qualities of a successful entrepreneur? #NWBCchat
•Q4: How can having a mentor, sponsor, and social network help women develop as entrepreneurs? #NWBCchat
•Q5: Where can women business owners go to find resources to access markets? #NWBCchat

We look forward to having you join us!
The National Women’s Business Council

 

 

ByNWBC Council

The National Women’s Business Council Announces the Appointment of an Executive Director

WASHINGTON, D.C., June 13, 2018 — The National Women’s Business Council (NWBC) today announces the appointment of Nina Roque as Executive Director.

Nina recently served as Special Assistant to the Secretary of Labor, R. Alexander Acosta, where her portfolio included apprenticeships and women in the workforce, among other policy initiatives. Prior to joining the Administration, she was the Director of Programs and External Affairs for the Congressional Hispanic Leadership Institute (CHLI), a non-profit, non-partisan organization that focuses on youth development and leadership, public service and corporate responsibility. Previously, Nina was an Associate Attorney at a law firm in Raleigh, North Carolina, where she represented employers. Nina also served as a Law Clerk at the North Carolina Industrial Commission, a quasi-judicial agency in the State of North Carolina. Nina holds a Bachelor of Arts degree in Political Science and Criminology from Florida State University (FSU), and a Juris Doctorate from Hofstra University School of Law.

Throughout her career in the public, private and nonprofit sectors, Nina has dedicated herself to the advancement of the American workforce. Nina is a second-generation Cuban-American, who is passionate about mentoring youth leadership, empowering the American worker to succeed, and fostering an economy that allows women entrepreneurs to thrive.

“It is an honor to join the National Women’s Business Council, the federal government’s only non-partisan, independent voice for women entrepreneurs,” Roque said. “I look forward to having the opportunity to work with the members of this Council and the millions of women business owners across this country, as we continue to empower women to succeed in business.”

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About NWBC
NWBC is a non-partisan federal advisory council created to serve as an independent source of advice and counsel to the President, the Congress, and the Administrator of the U.S. Small Business Administration (SBA) on issues of impact and importance to women business owners, leaders, and entrepreneurs. To learn more about NWBC, visit http://www.nwbc.gov.

 

ByNWBC Council

Twitter Chat | The Value of Access to Markets for Women Entrepreneurs: May 24, 2018

We invite you to participate in the Twitter chat, “The Value of Access to Markets for Women Entrepreneurs” on Thursday, May 24 at 3:30 pm ET. Follow along with the hashtag #NWBCchat.

NWBC research has found that women business owners face a number of obstacles in their access to financial capital and customer markets. This Twitter chat will share insights on how women entrepreneurs navigate expanding into new markets, and tips on how they can build and strengthen their business via market expansion.

You can find the Council’s recent research on access to markets: “Understanding the Landscape: Access to Markets for Women Entrepreneurs: here: https://www.nwbc.gov/2018/05/10/national-womens-business-councils-latest-report-on-women-business-owners-access-to-markets/.

Below you can find some of the questions for the Twitter Chat:
•Q1: What was your experience like accessing new markets for your business? #NWBCchat
•Q2: How does technology play a role in assisting women entrepreneurs with accessing and growing in various marketplaces? #NWBCchat
•Q3: What are some of the challenges for women business owners in accessing new markets? #NWBCchat
•Q4: What advice would you give to women business owners looking to enter different markets, such as exporting, federal government procurement, corporate contracts, etc? #NWBCchat
•Q5: Where can women business owners go to find resources to access markets? #NWBCchat

We look forward to having you join us!
The National Women’s Business Council

ByNWBC Council

National Women’s Business Council’s Latest Report on Women Business Owners’ Access to Markets

The National Women’s Business Council analyzed data that impacts the ability of women entrepreneurs and business owners to access markets. 

Read More

ByNWBC Council

Understanding the Landscape: Access to Markets for Women Entrepreneurs

The National Women’s Business Council has released a report under their Access to Markets pillar titled: Understanding the Landscape: Access to Markets for Women Entrepreneurs.


Download Report Here

ByNWBC Council

Twitter Chat | Crowdfunding as a Solution to Fund HER Business: April 19, 2018

We invite you to participate in the Twitter chat, “Crowdfunding as a Solution to Fund HER Business” on Thursday, April 19 at 3:30 pm ET. NWBC research has found that women entrepreneurs have found significant success by taking advantage of crowdfunding as a funding method. This Twitter chat will delve into the key determinants of success for women entrepreneurs on such platforms, and ways that they can build and strengthen their business via crowdfunding.You can join us beginning at 3:30 pm ET using the hashtag, #NWBCchat

You can find the Council’s recent research on crowdfunding: “Crowdfunding as a Capital Source for Women Entrepreneurs: Kiva and Kickstarter” reports here: http://bit.ly/NWBC-crowdfunding.

Looking forward to having you join us!
The National Women’s Business Council