A Sweet Start to Summer at NWBC

National Women’s Business Council

Happy Pride Month!

 

Happy Pride Month

Pride Month at NWBC

As Pride Month comes to a close, we here at the National Women's Business Council (NWBC) wanted to highlight some notable numbers. LGBTQ+ business owners are estimated to contribute $1.7 trillion to the U.S. economy, while the community itself is estimated to hold $917 billion in spending power, according to the National LGBT Chamber of Commerce. When it comes to your love, your sense of identity, and your business, you do you, boss. In the end, purpose, vision, and hustle win the day.

 

Pride Month at the Office of Women's Business Ownership (OWBO)

OWBO and the National LGBT Chamber of Commerce held a webinar on June 14, 2022  about Pride Month and inclusivity. Participants heard from LGBTQ+ owned small businesses and learned about capital, technical assistance, and other small business resources.

Watch It Now

 

Pride Month at the U.S. Small Business Administration (SBA)

SBA is celebrating Pride Month by holding a webinar on June 30, 2022 on financial wellness and the importance of equity and opportunity to help uplift and support LGBTQI+-owned small businesses. The panel will also discuss SBA initiatives and resources that support small business recovery, LGBTQI+ startups seeking to launch, and help for existing LGBTQI+-owned small businesses as they pivot and grow in a post-COVID world.

Register Today

 


 

Celebrating Juneteenth

 

Juneteenth: Knowing Where We've Been, Knowing Where We're Going

Juneteenth at NWBC

NWBC was also proud to celebrate Juneteenth this month. Black women entrepreneurs have come a long way. They are the fastest growing demographic of entrepreneurs, are more likely than their white counterparts to start a new business, and generate $386.6 billion in revenue annually. We believe that if our institutions meet empowered Black women entrepreneurs where they are, then these women can get down to business. It's time to build up the resources, break down barriers to contracting and capital, and dig into the data.

 

Juneteenth at OWBO

Last month, OWBO announced the selection of five new Women’s Business Centers (WBCs) operated by established Minority Serving Institutions (MSIs).

This announcement tripled the number of centers located at Historically Black Colleges and Universities and continues the expansion of the largest WBC network in the history of the SBA.

 

Juneteenth at SBA

Earlier this month, SBA created a landmark collaboration with nine historically Black fraternities and sororities (known as the "Divine Nine") to address the wealth gap through Black entrepreneurship. This partnership will focus on improving financial literacy, outreach and capital access opportunities across communities.


 

NWBC Welcomes Two New Council Members

 

New NWBC Council Members

We are very pleased to announce that Pamela Prince-Eason and Selena Rodgers Dickerson have joined the Council. Each have dedicated their time to advancing opportunity for women entrepreneurs and we are delighted to know they will do the same on the Council. Learn more about these new Council Members, as well as our current Council members here

 

Plan For Tomorrow, Today

 

Plan for the Future with a mySocialSecurity account

You obviously have today all figured out, but what about tomorrow? Setting up a my Social Security account through the U.S. Social Security Administration (SSA) allows you to plan for the future, helping yourself, your family, and your business.

Try It Out


 

IN-FOCUS: Access to Capital & Opportunity

 

Joan Rivers Quote

 

Topics relating to access to capital and opportunity were highlighted across NWBC's social media platforms over the month of June. Be sure to follow NWBC on Facebook, Instagram, LinkedIn, and Twitter to help continue the conversation and learn about:

  • Women Entrepreneurs from History: Maggie L. Walker was the first African-American woman to found a bank. She founded the St. Luke Penny Savings Bank in 1903 and served as the bank's first president. Before this, she also started her own newspaper and an insurance company for women. Walker used her public position to advance opportunity for women and people of color, advocating on their behalves across a number of organizations. She found success and so did her bank. The St. Luke Penny Savings Bank survived the Great Depression and lasted through the dawn of the 21st Century.  
  • Groundbreaking Policies: In 1974, the Equal Credit Opportunity Act made it illegal for creditors to discriminate against applicants on the basis of sex, race, religion, marital status, national origin, age, or use of public assistance. Today, the Consumer Financial Protection Bureau has proposed tracking data on the experiences of women seeking credit for their businesses. Now that's progress you can take to the bank!
  • Valuable Resources: Forget loan sharks, you've got too much loan smarts for that. Check out your state's microlender intermediaries to get a loan from an SBA-backed non-profit who's got your back too.
  • And More!

About the National Women's Business Council

The National Women's Business Council (NWBC) is a non-partisan federal advisory committee created to serve as an independent source of advice and policy recommendations to the President, Congress, and the U.S. Small Business Administration on economic issues of importance to women business owners. To learn more, please visit: www.NWBC.gov.