SBA Opens 5 New Business Centers for Women Across America

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 information centers for women entrepreneurs and business owners. The announcement was made during National Small Business Week.

SBA Opens 5 New Business Centers for Women Across America

Access to the right resources plays a huge role in small business success, especially for female entrepreneurs who may still face barriers in starting and running a small business.

The SBA’s WBCs provide free to low-cost mentoring and training for women looking to start, grow, and expand their small business. In addition to business training and mentoring, WBCs offer federal contracts and access to credit and capital.

Helping women overcome business hurdles

By expanding its network of WBCs in the US, the SBA will help more women overcome obstacles 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 ever before.

“And women – especially women of color – continue to lead the way with the highest startup rates. The SBA is committed to creating inclusive entrepreneurial support ecosystems so that all of our new – as well as our established – female entrepreneurs can successfully pursue their American dreams of starting, growing, and building resilient businesses. And with SBA’s opening of five new Women’s Business Centers at Minority Serving Institutions in our 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 of entrepreneurship,” Guzman continued.

Hosted by MSIs

The five new WBCs will be administered by established Minority Serving Institutions (MSI) serving minorities.

The new centers hosted by MSIs 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, the National Institute of Minority Economic Development, Inc. on behalf of Bennett College, and the Rockville Economic Development on behalf of Bowie State University.

Since March 2021, 25 new Women’s Business Centers have been opened. The following year, the Office of Women’s Business Ownership (OWBO), which aims to empower women entrepreneurs through advocacy, outreach, education and support, announced the expansion of its national WBC network to all 50 states and Puerto Rico after it’s 141st WBC in Anchorage, Alaska.

Provide technical assistance to female entrepreneurs

The selected MSI WBCs will support technical assistance to female entrepreneurs. They will also assist emerging entrepreneurs with planning, development and support in raising capital.

The new WBCs will provide outreach services and activities, including training, workshops and information dissemination for MSI students.

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