A Year of Historic Achievements for Women-owned Businesses

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Office of Women's Business Ownership - December 28, 2021

u s small business administration
Natalie M. Cofield

Dear Enterprising Women in Business Community:

Season’s Greetings from the entire team at the Office of Women’s Business Ownership!   As we begin the close of 2021, the OWBO team looks back on the significant achievements that have been accomplished by our incredible network of Women’s Business Centers (WBCs) across the country. 2021 was a productive year in helping women entrepreneurs and their businesses. Under the leadership of SBA Administrator Isabella Casillas Guzman, OWBO helped over 88,000 businesses and created or sustained more than 89,000 jobs. Our center network has also helped start over 3,000 small businesses and provided 1.4 million capital transactions that have helped to fund growth and scale for women entrepreneurs.

Most significant, OWBO currently funds and supports the largest Women’s Business Centers network in the history of the SBA, with over 140 centers in 49 states and Puerto Rico. Twenty-four new centers have been opened since March 2021. These new centers were established in communities across the nation, representing the diversity of women entrepreneurs, including those in rural and urban communities, HBCUs, and Native serving institutions, among others.

These centers are essential to OWBO’s work as they reach women business owners where they are and provide them with extensive on-the-ground resources that include free to low-cost counseling, training, business development technical assistance, and are dedicated to assisting women entrepreneurs to start, grow, and expand their enterprises.

And, there’s so much more to come for 2022. 

Please stay connected to learn more about all our upcoming events and announcements.

Cheers to the New Year,

Natalie Madeira Cofield

Natalie Madeira Cofield
Assistant Administrator
U. S. Small Business Administration

A Year of Historic Achievements!

The U.S. Small Business Administration is proud to support small businesses owned by women through the Office of Women's Business Ownership (OWBO)

On December 23, 2021, Natalie Madeira Cofield, Assistant Administrator for the Office of Women's Business Ownership, shared her 2021 blog, "A Year of Historic Achievements for Women-owned Business."  To read the blog, click here

Illustration of a main street with the following text, Shop Small this Holiday Season. #25daysofsmallbiz

There are over 32.5 million small businesses in the United States. Support small businesses in your community and shop small throughout the holiday season. #25daysofsmallbiz

The SBA Announces $1.1 Million in Awards to Support Native American Entrepreneurs

On December 13, 2021, U.S. Small Business Administration Administrator Isabella Casillas Guzman announced the awardees of $1.1 million in grants and contracts to promote the development, success, and long-term sustainability of Native American-owned businesses. This opportunity will be funded through grants and contract vehicles managed through the SBA’s Office of Native American Affairs

“The selected awardees have demonstrated a track record of service working with Native American small businesses and have also demonstrated they can provide the range of management and technical assistance services that microenterprise small businesses need in this critical moment,” said Mark Madrid, Associate Administrator for the Office of Entrepreneurial Development.

To read the full list of awardees, click here

The SBA Calls for Nominations for the 2022 National Small Business Week Awards

Illustration of a trophy with the following text, 2022 National Small Business Week Awards. Now accepting nominations. Visit sba.gov/nsbw

Nominations are now being accepted for the 2022 National Small Business Week (NSBW) Awards. The NSBW Awards recognize the achievements of SBA-assisted small businesses and the contributions they have made to their communities and our nation’s economy. Nominations for the following categories will be accepted: 

  • Small Business Person of the Year 
  • Small Business Exporter of the Year
  • Phoenix Awards for Disaster Recovery 
  • Federal Procurement Awards 
  • Small Business Investment Company of the Year
  • Awards to SBA Resource Partners 

Nominations should be submitted by January 11, 2022, at 3:00 p.m. EST. | Learn More

SBA's Administrator Guzman Announces Members of the Council on Underserved Communities

On December 7, 2021, U.S. Small Business Administrator Isabella Casillas Guzman announced the leaders who will serve on the reconvened Council on Underserved Communities (CUC). Established in 2010 under the Federal Advisory Committee Act (FACA), the CUC provides advice, ideas, and opinions on SBA programs, services, and issues of interest to small businesses in underserved communities. CUC members recently announced are as follows: 

  • CUC Chairman, John W. Rogers Jr., Chairman and Co-CEO of Ariel Investments, LLC
  • Beatriz Acevedo, CEO and Co-Founder, Suma Wealth
  • Clarence Anthony, CEO and Executive Director, National League of Cities
  • Maggie Arvedlund, CEO and Founding Partner, Turning Rock Partners
  • David Clunie, Executive Director, Black Economic Alliance
  • Steve Grossman, CEO, Initiative for a Competitive Inner City
  • Chris James, President and CEO, The National Center for American Indian Enterprise Development
  • Domenika Lynch, Executive Director, Aspen Institute Latinos and Society Program
  • Veronica Maturino, CEO, Our Native American Business Network
  • Ying McGuire, CEO and President, National Minority Supplier Development Council
  • Justin Nelson, Co-Founder and President, National LGBT Chamber of Commerce
  • Joseph C. Sharpe Jr., Director of Veterans Employment & Education Division, The American Legion
  • Ché Ruddell-Tabisola, Founder and Owner, BBQ Bus Catering Company
  • Chiling Tong, President and CEO, The National Asian/Pacific Islander American Chamber of Commerce & Entrepreneurship
  • Candace Waterman, President and CEO, Women Impacting Public Policy

Learn More


Consider Reviewing Your Business Plan with an SBA Resource Partner

December is National Write a Business Plan Month

The pandemic has impacted small businesses across America. National Write a Business Plan Month is a good reminder to review your business plan and make any necessary adjustments. Four questions every effective business plan should answer:

  • What does your business do?
  • Who is your target customer?
  • How will you make money?
  • What niche are you filling?

For more tips on how to write a business plan, take our free How to Write A Business Plan course. You may also consult business planning experts at SBA's resource partners.

The Consumer Financial Protection Bureau Requests Your Feedback on the Draft Strategic Plan

The Consumer Financial Protection Bureau (CFPB) is required to publish a new strategic plan that communicates the Bureau’s mission, strategic goals, and objectives for the next five years. CFPB invites your feedback. You may find the draft Strategic Plan for fiscal years 2022 to 2026 and past CFPB's Strategic Plans here

Text: Help businesses fully reopen. Get vaccinated. Find vaccines near you at vaccines.gov. Illustration: businesses on main street

Eligible businesses that allow employees to get a COVID-19 vaccine can receive a tax credit. Partner with a vaccine provider to host an on-site vaccination clinic. | Find a vaccine provider.

The presence of third party links to websites to do not necessarily reflect the opinions nor endorsements by the U.S. Small Business Administration.