The Small Business Administration (SBA) has announced the opening of five new Women’s Business Centers (WBC).
On May 23, Isabella Casillas Guzmán, director 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 the United States
Access to the right resources plays a huge role in small business success, especially for women entrepreneurs who may still face obstacles when starting and running a small business.
SBA’s WBCs provide free or low-cost advice and training for women who want to start, grow and expand their small business. In addition to business training and advice, WBCs provide federal contracts and access to credit and capital.
Helping women overcome business obstacles
By expanding its WBC network in the US, the SBA will help more women overcome obstacles, with the goal of “leveling the playing field” in the business world.
Administrator Guzmán spoke of 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 nation has seen a historic small business boom with 2021 new business applications up 20% from any year on record.
“And women, especially women of color, continue to lead the way with the highest initiation rates. The SBA is committed to creating inclusive business support ecosystems so that any of our new and established women entrepreneurs can successfully pursue their American dreams of starting, growing and building resilient businesses. And with the SBA opening five new Women’s Business Centers at Minority-Serving Institutions across the country, we can help improve outcomes so they can do what they do best: create jobs, boost our economy and build a better America through entrepreneurship,” Guzmán continued. .
Hosted by MSI
The five new WBCs will be operated by established Minority Serving Institutions (MSIs) serving minority populations.
New centers hosted by MSI include California State University, Frenso Foundation, CSU Fullerton Ancillary Services Corporation on behalf of California State University, Fullerton, Miles College Center for Economic and Social Justice, National Institute 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 Women in Business Office (OWBO), whose goal is to empower women in business through advocacy, outreach, education and support, announced the expansion of its national WBC network to all 50 states and Puerto Rico after launching his 141. WBC in Anchorage, Alaska.
Providing Technical Assistance to Women Entrepreneurs
Selected MSI WBCs will support technical assistance to women entrepreneurs. They will also help emerging entrepreneurs with planning, development and support in accessing capital.
Outreach services and activities, including training, workshops and outreach to MSI students, will be provided at the new WBCs.
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