FOR IMMEDIATE RELEASE
National Women’s Business Council Hosts Small Business Roundtable in Pella, IA
Last week, in recognition of National Women’s History Month, the National Women’s Business Council (NWBC) hosted a Small Business Roundtable in Pella, Iowa with Senator Joni Ernst, NWBC Chair Liz Sara, Council member Barbara Kniff-McCulla, Owner of KLK Construction, and over fifteen local women business owners.
The roundtable began with NWBC Chair Sara welcoming Senator Ernst and the fifteen women business owners, representing various business sectors from construction and manufacturing to an online floral business and a brewery owner. NWBC was honored to have Senator Ernst join the conversation, where she discussed her work on the U.S. Senate Committee on Small Business & Entrepreneurship and outlined her legislative priorities including increasing sole source contracting opportunities and paid family leave. Senator Ernst also touched on workforce training efforts and opportunity zones.
The highlight of the afternoon was a fireside chat between Senator Ernst and Council member Kniff-McCulla. They discussed topics ranging from broadband access to digital commerce and infrastructure. Kniff-McCulla remarked on the importance of the roundtable “for our rural community of Pella, to have a variety of women’s business owners sitting around the table, being able to tell their stories, and we appreciated Senator Ernst being a part of this.”
The discussion developed into introductions of the various small business owners and representatives from the Small Business Administration (SBA), the SBA’s Office of Advocacy, the National Association of Women Business Owners (a representative of which also serves on the Council), Women’s Business Centers, and Small Business Development Centers. It was an incredible collection of women, all with unique stories of their own. The roundtable conversation also explored topics such as access to capital and markets, crowdfunding, technology, and infrastructure.
With an estimated 12.3 million women-owned firms, 89,000 of which are located in Iowa, NWBC recognizes the unique contributions that women-owned businesses make to the economy and remains committed to continuing to advocate for a platform to expand and improve opportunities for women business owners and their enterprises. This Women’s History Month, NWBC was intent on highlighting and exploring the successes and opportunities that rural women entrepreneurs.
NWBC will be releasing a research report on rural women’s entrepreneurship in May of 2019. Preliminarily, the report finds that despite the declining rate of entrepreneurship in rural areas, there remains great opportunities for women’s entrepreneurship. The Council looks forward to highlighting and sharing those successes, and making accompanying policy recommendations to the President, the Congress, and the SBA.
NWBC Chair Liz Sara Commemorates Black History Month.
FOR IMMEDIATE RELEASE
WASHINGTON, D.C., December 21, 2018 – The National Women’s Business Council (NWBC) has submitted its 2018 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 commemorates NWBC’s 30th anniversary year and provides the findings, conclusions, and policy recommendations of the Council. NWBC Chair Liz Sara also provides her vision for guiding the Council into a new era, where it will build on past and current achievements and ensure its advocacy loses neither momentum nor impact. This year, there are an estimated 12.3 million women-owned firms accounting for 40% of all businesses in the United States. In the 2018 Annual Report, NWBC reaffirms its commitment to providing a platform to expand and improve opportunities for women business owners and their enterprises. To read the 2018 Annual Report, please click HERE.
About National Women’s Business Council
The National Women’s Business Council (NWBC) is a nonpartisan federal advisory council established to serve as an independent source of advice and policy recommendations to the President, the Congress, and the Administrator of the U.S. Small Business Administration on issues related to women’s business enterprise. The Council is comprised of eight small business owners from across the country, six representatives of national women’s business organizations, and one Chairperson, Liz Sara, who was recently appointed by President Donald J. Trump in August 2018. To learn more about NWBC, visit www.nwbc.gov.
We are pleased to share the Council’s Annual Report for Fiscal Year 2018, “Journey to 30”
The National Women’s Business Council’s (NWBC) 2018 Annual Report commemorates its 30th anniversary year, provides the findings, conclusions, and policy recommendations of the Council, and expresses NWBC Chair Liz Sara’s vision for 2019.
The National Women’s Business Council (NWBC) has released the ‘Profile of Millennial Women: The Future of Entrepreneurship in America’ identifying the characteristics of millennial women entrepreneurs and crafted a set of policy recommendations to foster business growth among this demographic.
On October 25, 2018, the National Women’s Business Council (NWBC) celebrated the 30th anniversary of the passage of H.R. 5050, the Women’s Business Ownership Act. Following just 103 days from introduction to passage, President Ronald Reagan signed H.R. 5050 into law on October 25, 1988. This unprecedented piece of legislation eliminated all individual state laws requiring women to have a male relative or husband co-sign a business loan, established the NWBC, the Small Business Administration’s (SBA) Office of Women’s Business Ownership (OWBO), and the women’s business center program.
Congressman John LaFalce (D-NY), Chairman of the House Small Business Committee in 1987, recently reminisced on the passage of H.R.5050, “I was so pleased to learn recently that the Women’s Business Ownership Act of 1988 is now referred to as ‘The Big Bang of Women’s Entrepreneurship in America.’ That’s exactly what I set out to do when I became Chairman of the Committee – to give the economy the biggest bang I possibly could, by tapping an untapped goldmine – women entrepreneurs.” Chairman LaFalce could not have been more right. Today, there are 10 million woman business owners in the United States, accounting for nearly 40% of all businesses.
NWBC is thankful to all of the attendees who came to celebrate and commemorate the passage of H.R. 5050. The program included a reflection of the past 30 years of women’s entrepreneurship, and an impactful discussion on the future of women’s entrepreneurship. The morning began with breakfast and coffee with The Association of Women’s Business Centers (AWBC). Opening remarks were made by NWBC Executive Director Nina Roque and Assistant Administrator of the SBA’s OWBO Kathleen McShane.
The highlight of the program featured a ‘Fireside Chat’ with NWBC Chair Liz Sara and SBA Administrator Linda McMahon. The Administrator provided insights into her experience as a once small business owner, who spearheaded the expansion and growth of her company, before deciding to join the public sector. Administrator McMahon provided advice to audience members, “Know who your market is and what sets your product or service apart.” NWBC Chair Liza Sara, who is a small business founder herself, agreed, noting that “[women entrepreneurs] must think about what problem or what pain point in the market you are planning to solve.”
The passage of this legislation, and its resulting impact on women business owners, would not have been possible without the incredible and tenacious women who championed its passage. As the program went on, the audience heard from two of the trailblazers that were crucial to the passage of H.R. 5050: Virginia Littlejohn and Phyllis Hill Slater, both of whom served as Council members of the NWBC and have dedicated their careers to advocating for women entrepreneurs. Facilitated by Loreen Gilbert, Chair of The National Association of Women Business Owners (NAWBO)’s Institute for Entrepreneurial Development, Littlejohn and Hill Slater shared their experience as delegates to the 1980 and 1986 White House Conferences on Small Business, participating in the congressional hearings, and then leading the charge for passage of H.R. 5050.
The final panel discussion ‘Blazing Trails for the Next 30 Years’, was moderated by current NWBC Council member and Women Impacting Public Policy (WIPP) board member, Rose Wang. Panel participants included Bonnie Nawara, President of AWBC and current NWBC Council member, Deloris Wilson, head of strategy and operations at BEACON: The D.C. Women Founders Initiative, Julia Westfall, CEO of Hera Hub D.C., and Kelly O’Malley, D.C. Chair of The Vinetta Project. The panel provided insights into programming and policies that allow local organizations to help develop thriving entrepreneurial ecosystems for the next generation of women entrepreneurs. Panelists emphasized the value and necessity of mentorship and collaboration.
Thanks to the passage of H.R. 5050, women in business have excelled, continually reaching new heights, and the next 30 years of women’s entrepreneurship is sure to be filled with momentous milestones for women founders. NWBC is committed to continuing to advocate for women in business and to providing a platform to expand and improve opportunities for women business owners and their enterprises.
The National Women’s Business Council (NWBC) is celebrating the anniversary of the passage of HR5050, the Women’s Business Ownership Act. The passage of this legislation, and its resulting impact on women business owners, would not have been possible without some incredible, tenacious women that I am fortunate to have worked with. This week in particular has me reminiscing on the 1986 White House Conference on Small Business and how that set the stage for H.R. 5050. For me, on August 16, 1986 the Conference opened a door I didn’t realize was closed. The biggest lesson we learned was that organizing, educating, and cultivating partnerships is paramount.
HR 5050 was historic – it only took 103 days from introduction to passage. On October 25, 1988, President Ronald Reagan signed H.R. 5050, making it the law of the land. This unprecedented piece of legislation gave women business owners in the United States critical resources to build their enterprises and succeed in their respective fields.
To so many women around the country, including myself, H.R. 5050 was not just another piece of legislation. It was the basis on which women gain success in business. So many women start with nothing more than a great idea. It takes an incredible amount of hard work and perseverance to turn an idea into a thriving business. The group of women who strategized, working day and night to advocate for this legislation, made their mark on history, and gave women a path to follow. When you empower a woman to succeed, the nation succeeds – and the incredible women who advocated for H.R. 5050 did just that.
Throughout my career I have had the opportunity to scale my business,Terry Neese Personnel Services, was lucky enough to have been appointed to numerous councils and Boards including NWBC and NAWBO, and founded the Institute for Economic Empowerment of Women (IEEW). Thirty years after the passage of H.R. 5050, I can still tell you that what the 1986 White House Conference on Small Business taught us holds true. Women entrepreneurs don’t want a handout. Like all entrepreneurs, women want a level playing field because they can play and win on any field, at any time. Understanding the barriers to opportunity, whether that is access to capital or access to information and finding strong partners in each other is crucial to success. Thanks to H.R. 5050, women in business have excelled, continually reaching new heights, not only in the United States, but also around the world.
Serial entrepreneur Dr. Terry Neese, is a lifelong Oklahoman and has spent over thirty (30) years finding careers for men and women. She is the founder of Terry Neese Personnel Services (TNPS), National Grassroots Network, Women Impacting Public Policy and the Institute for Economic Empowerment of Women (IEEW). Terry’s daughter, Kim Neese, is now the President/Owner of TNPS.
A member of the U.S. Afghan Women’s Council, past national president of the National Association of Women Business Owners (NAWBO), and founder of Terry Neese Personnel Services, Dr. Neese is known as a small business expert and was recognized by Fortune magazine as one of the “Power 30”—the most influential small businesspersons in Washington, D.C. She has been featured throughout several media outlets including MSNBC, FOX News, CNN, SBTV, the Wall Street Journal, the Washington Examiner and the Washington Times.
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.”
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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