News

ByNWBC Council

NWBC Chair Liz Sara on WJLA

Advice for women-owned businesses to survive & thrive after the pandemic from NWBC Chair Liz Sara.

ByNWBC Council

NWBC Announces A Strategic Partnership with the U.S. Census Bureau!

We are thrilled to announce that the National Women’s Business Council (NWBC) is a 2020 Census Partner! We look forward to supporting the U.S. Census Bureau in its monumental efforts to secure a successful decennial count across the nation.

H.R. 5050, the Women’s Business Ownership Act of 1988, established the NWBC as a federal advisory committee dedicated to the empowerment of women entrepreneurs, and among other provisions, required the U.S. Census Bureau to include women-owned C Corporations when reporting data. Before the passage of this landmark legislation, government agencies tracked mostly self-employed women but overlooked larger women-owned enterprises.

Since its inception, the NWBC has relied heavily on data collection from the U.S. Census Bureau to fulfill its statutory obligation and mission. The Council is statutorily charged with, in relevant part, promoting and assisting in the development of a women’s business census and other surveys of women-owned businesses.

The U.S. Constitution mandates that each person be counted every 10 years. These critical results determine the apportionment of seats in the House of Representatives, direct the effective distribution of federal funds, and assist small business owners in choosing where to start, grow, and scale their businesses. The data also allows the NWBC to better convey the irreplaceable economic impact of women’s business enterprise and more effectively advocate for the policies that empower women business owners and entrepreneurs.

We cannot measure what we cannot count. So female founders…Make the pledge now! Achieving a complete and accurate 2020 Census starts with you!

Get started at 2020CENSUS.GOV

ByNWBC Council

NWBC Council Member Monica Stynchula Featured in AARP

An Active Voice for Women in Business

“We work with the federal government to give female founders and the organizations that support them the opportunity to give live testimony with influential legislators at the table.”

Monica Stynchula
ByNWBC Council

Updates From the National Women’s Business Council in the Face of the Pandemic

FOR IMMEDIATE RELEASE

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

Updates From The National Women’s Business Council In The Face Of The Pandemic

WASHINGTON, D.C. – (April 1, 2020) –  In the midst of uncertainty, the National Women’s Business Council (NWBC), a federal advisory committee comprised of small business owners and representatives of national women’s business organizations, acknowledges the detrimental effects coronavirus has had on small businesses. Council Members have shared the challenges that the outbreak has presented for their own enterprises or those of their organization’s members. From the disruption in the supply chain to the cancellation of annual industry trade shows, the impact can be felt across industries and state lines.

 NWBC has also indefinitely postponed its signature #LetsTalkBusiness Roundtable Series, which connects the voices of women entrepreneurs and business owners from across the country to policymakers in the Nation’s capital and helps serve as a springboard for the Council’s annual policy recommendations to Congress, the President, and the Administrator of the U.S. Small Business Administration (SBA)

Nonetheless, NWBC remains focused on carrying out its critical mission. As was reinforced at our first 2020 #LetsTalkBusiness Roundtable last month in San Juan, Puerto Rico, women business owners are key to helping local and national economies recover from disasters as well as grow and thrive.

Women-owned businesses represent 42% of all businesses — nearly 13 million — employing 9.4 million workers and generating revenue of $1.9 trillion. Over the past five years, the annual growth rate in the number of women-owned firms has been more than double that of all businesses. Female founders have fought too hard for a true place in the economy to lose all gains now.

With COVID-19 abruptly and drastically changing the landscape of our economy and disrupting local ecosystems, small businesses are looking for resources and advice to help them navigate these uncertain times and persevere.

The SBA is offering small businesses impacted by the Coronavirus up to $2 million in low-interest loans. These loans—available in all U.S. states, Washington D.C., and territories—can be used to “pay fixed debts, payroll, accounts payable, and other bills that cannot be paid because of the disaster’s impact.” The interest rate offered to qualifying small businesses is 3.75%, and 2.75% for non-profits. The SBA is also providing deferment relief to its existing borrowers on certain SBA-serviced loans through December 31, 2020. You can find additional information at www.SBA.gov/disaster

The U.S. Treasury Department and Internal Revenue Service have also announced a tax filing extension for all taxpayers from April 15 to July 15, 2020.

As we adjust to the new realities this crisis brings, NWBC remains committed to advocating for the nation’s 13 million women business owners and entrepreneurs. Please email NWBC at info@nwbc.gov and tell us how the Coronavirus is impacting your business. Be sure to stay in touch with us as we work to develop a webinar series on assistance available for small businesses.

Check out these NWBC Council Member & Partner Resources:

Women Business Enterprise Council (WBENC)
Association for Women in Science (AWIS)
The Vinetta Project
Association of Women’s Business Centers (AWBC)
Women President’s Organization (WPO)
Babson College Center for Women’s Entrepreneurial Leadership (CWEL)
Women Impacting Public Policy (WIPP)
National Association of Women Business Owners (NAWBO)
ByNWBC Council

NWBC Welcomes New Council Member Maria Rios

FOR IMMEDIATE RELEASE

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

National Women’s Business Council Welcomes New Member, Maria Rios

WASHINGTON, D.C.- (April 7, 2020) — The National Women’s Business Council (NWBC) welcomes new Council Member, Maria Rios, President and CEO of Nation Waste, Inc. (NWI).

“I’m pleased to welcome Maria Rios to the Council” said Liz Sara, NWBC Chair. “Maria is the President and CEO of the first multi-million-dollar female, Hispanic-owned waste removal company in U.S. history and one of the largest minority-owned companies in Texas. Maria’s entrepreneurial skill is a great match for the Council’s work, and we look forward to her contributions to our team.”  

NWI is a fully certified, commercial waste disposal company specializing in construction, demolition, commercial/industrial, non-hazardous waste removal, portable toilets and recycling services.

“With an abundance of enthusiasm, I am looking forward to serving with this outstanding collective of results-driven women visionaries,” said Rios, new NWBC Council Member. “I’m energized to join the National Women’s Business Council and bring my experience as a business owner to the table.”   

In 2018, Rios revolutionized the workers safety industry by launching a new division, Nation Safety Net, which leverages a technology solution powered by IBM Watson IoT to keep workers safe and reduce the number of workplace injuries that occur.

Rios immigrated from El Salvador as a child and has dedicated her career to making life better for other Americans.  She has been a featured speaker at the White House for several administrations.

With the addition of Rios, NWBC will continue to focus its advocacy efforts on Women in STEM, Rural Women’s Entrepreneurship, and Access to Capital and Opportunity. NWBC remains committed to expanding opportunities for women business owners and their enterprises.

Maria Rios 

President and CEO of Nation Waste, Inc.

Read Maria’s full bio HERE

ByNWBC Council

March 2020 Newsletter

Updates From The National Women’s Business Council In The Face Of The Pandemic

NWBC remains committed to advocating for the nation’s 13 million women business owners and entrepreneurs

WASHINGTON, D.C. – (April 1, 2020) –  In the midst of uncertainty, the National Women’s Business Council (NWBC), a federal advisory committee comprised of small business owners and representatives of national women’s business organizations, acknowledges the detrimental effects coronavirus has had on small businesses. Council Members have shared the challenges that the outbreak has presented for their own enterprises or those of their organization’s members. From the disruption in the supply chain to the cancellation of annual industry trade shows, the impact can be felt across industries and state lines.

 NWBC has also indefinitely postponed its signature #LetsTalkBusiness Roundtable Series, which connects the voices of women entrepreneurs and business owners from across the country to policymakers in the Nation’s capital and helps serve as a springboard for the Council’s annual policy recommendations to Congress, the President, and the Administrator of the U.S. Small Business Administration (SBA)

Nonetheless, NWBC remains focused on carrying out its critical mission. As was reinforced at our first 2020 #LetsTalkBusiness Roundtable last month in San Juan, Puerto Rico, women business owners are key to helping local and national economies recover from disasters as well as grow and thrive.

Women-owned businesses represent 42% of all businesses — nearly 13 million — employing 9.4 million workers and generating revenue of $1.9 trillion. Over the past five years, the annual growth rate in the number of women-owned firms has been more than double that of all businesses. Female founders have fought too hard for a true place in the economy to lose all gains now.

With COVID-19 abruptly and drastically changing the landscape of our economy and disrupting local ecosystems, small businesses are looking for resources and advice to help them navigate these uncertain times and persevere.

The SBA is offering small businesses impacted by the Coronavirus up to $2 million in low-interest loans. These loans—available in all U.S. states, Washington D.C., and territories—can be used to “pay fixed debts, payroll, accounts payable, and other bills that cannot be paid because of the disaster’s impact.” The interest rate offered to qualifying small businesses is 3.75%, and 2.75% for non-profits. The SBA is also providing deferment relief to its existing borrowers on certain SBA-serviced loans through December 31, 2020. You can find additional information at www.SBA.gov/disaster

The U.S. Treasury Department and Internal Revenue Service have also announced a tax filing extension for all taxpayers from April 15 to July 15, 2020.

As we adjust to the new realities this crisis brings, NWBC remains committed to advocating for the nation’s 13 million women business owners and entrepreneurs. Please email NWBC at info@nwbc.gov and tell us how the Coronavirus is impacting your business. Be sure to stay in touch with us as we work to develop a webinar series on assistance available for small businesses.

ByNWBC Council

NWBC Council Member Shelonda Stokes on Bold TV

How the Coronavirus Stimulus Will Effect Small Businesses

ByNWBC Council

NWBC Celebrates Women’s History Month And Issues Roundtable Report

IMMEDIATE RELEASE

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

National Women’s Business Council Celebrates Women’s History Month And Issues Roundtable Report

WASHINGTON, D.C. – (March 11, 2020) – In celebration of Women’s History Month, the National Women’s Business Council (NWBC) releases its new 2019 Women in Small Business Roundtable Series Report.

In March of 2019, the Council launched its signature Women in Small Business Roundtable Series across the country to convene women business owners and entrepreneurs and connect their voices to policymakers in Washington, D.C. NWBC traveled to states in which Council Members live and grow their businesses and tapped into their local networks of female founders, entrepreneurs, and ecosystem stakeholders for direct input on remaining barriers to women’s business enterprise.

Each Roundtable discussion focused on one of the Council’s three main policy priorities: Access to Capital & Opportunity, Women in STEM, and Rural Women’s Entrepreneurship. The feedback received served as the foundation for the Council’s FY19 policy recommendations and FY20 priorities. Recurring themes across all roundtables included a lack of financial literacy, a shortage of funding opportunities for female founders, and a gap in effective resources and mentorship.

“The Council hopes that public officials will consider the stories presented in this report as they work to shape the economic environment for our nation’s women entrepreneurs. At this important juncture in women’s history in business, the NWBC is committed to leading the way for the rising number of female business owners and developers,” said Nina Roque, NWBC Executive Director.

The Austin, TX Roundtable, which focused on access to capital, found that most participants felt that women enter a Venture Capital (VC) pitch room with a higher burden of proof than men. Several participants in the Los Angeles, CA Roundtable asserted that the funding gap for women entrepreneurs would never change until more women joined the pool of investors. Many participants in the women in STEM Baltimore, MD and St. Petersburg, FL roundtables found the need for mentorship was great, since men are roughly twice as likely to be self-employed in STEM fields relative to women.

In the Pella, IA and Nampa, ID Roundtables, multiple women said they were compelled to take ownership of their rural business to fulfill the generational transfer of a family venture or continue operations after the sudden death of a spouse.

Their stories underscored the importance of succession planning in rural communities, especially as younger generations often have a greater economic incentive to leave their hometowns and pursue both a degree and career in outside urban hubs rather than take over a family business. Necessity entrepreneurship—starting a business to supplement income or gain the flexibility to attend to other demands in one’s life—is a common thread for women business owners and an underlying reason for a shortage of high-growth firms among this demographic.

These Roundtable discussions served as the foundation for the Council’s FY19 policy recommendations as reflected in its Annual Report submitted to the President, Congress, and the Administrator of the U.S. Small Business Administration on December 20, 2019. The feedback and input received also informed the Council’s FY20 policy priorities. The recurring themes across all Roundtables—including financial literacy and improved access to resources for women in STEM and in rural communities—will serve as the Council’s focus areas for 2020.

The Council plans to continue this successful endeavor in 2020 to further engage women founders across the country. The initiative has been rebranded as the #LetsTalkBusiness Roundtable Series. Confirmed stops include San Juan, PR; Houston, TX; Gilsum, NH; Grand Rapids, MI; and more. The Council’s 2019 Roundtables laid the groundwork for the upcoming FY20 Roundtables, which will follow the same model.