The Small Business Administrator (SBA) has announced the opening of five new Women’s Business Centers (WBCs).
On May 23, Isabella Casillas Guzman, head of the SBA, announced the selection of the new Resource Centers for Women Entrepreneurs and Business Owners. The announcement was made during National Small Business Week.
SBA Opens 5 New Women’s Business Centers Across America
Access to good resources plays a huge role in small business success, especially for female entrepreneurs who may still face hurdles when starting and running a small business.
the SBA’s WBC providing free or low-cost advice and training to women who want to start, grow and grow their small businesses. In addition to training and business consulting, WBCs provide federal contracts and access to credit and capital.
Helping Women Overcome Business Obstacles
By expanding its network of WBCs across the United States, the SBA will help more women overcome barriers, with the goal of “leveling the playing field” in the business world.
Administrator Guzman spoke about the importance of providing women with the right resources to help them grow and succeed in business.
“Under the leadership of the Biden-Harris administration, our country has seen a historic small business boom with 2021 new business applications 20% higher than any year on record.
“And women — especially women of color — continue to lead the way with the highest start rates. The SBA is committed to creating inclusive entrepreneurship support ecosystems so that all of our women entrepreneurs, new or established, can successfully pursue their American dreams of starting, growing, and building resilient businesses. And with SBA opening five new Women’s Business Centers at minority-serving institutions across our country, we can help improve outcomes so they can do what they do best – create jobs, energize our economy, and build a better America through entrepreneurship,” Guzman continued. .
Hosted by MSI
The five new WBCs will be operated by established Minority Serving Institutions (MSIs) that serve minority populations.
New MSI-hosted centers include California State University, Frenso Foundation, CSU Fullerton Auxiliary Services Corporation on behalf of California State University, Fullerton, Miles College Center for Economic and Social Justice, National Institute of Minority Economic Development, Inc. on behalf of Bennett College and Rockville Economic Development on behalf of Bowie State University.
Since March 2021, 25 new Women’s Business Centers have opened. The following year, the Office of Women’s Business Ownership (OWBO), which aims to empower women entrepreneurs through advocacy, awareness, education and support, announced the expansion of its national WBC network into the 50 States and Puerto Rico after launching its 141st WBC in Anchorage, Alaska.
Provide technical assistance to women entrepreneurs
Selected MSI WBCs will support technical assistance to women entrepreneurs. They will also help emerging entrepreneurs with planning and development, as well as access to capital.
Outreach services and activities, including training, workshops, and information dissemination to MSI students, will be provided at the new WBCs.
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