Women’s Business Ownership Act Turns 20

Nina L. Kaufman, Esq.

Nina L. Kaufman, Esq.

Nina L. Kaufman, Esq., owner of Ask The Business Lawyer, is an award-winning business attorney, speaker, and Entrepreneur Magazine online contributor. She saves consulting and professional services companies time, money, and aggravation by serving as their outsourced legal counsel.

Posted on March 13, 2017 in Events & Resources

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Last week, Small Business Adminsitration executives celebrated the anniversary of the passage of the Women’s Business Ownership Act of 1988.  According to an SBA press release, the pioneering legislation, also known as H.R. 5050, created the SBA’s Office of Women’s Business Ownership, the SBA’s Women’s Business Center (WBC) program, and the National Women’s Business Council (NWBC), which serves as an independent source of advice and counsel on economic issues of importance to women business owners.

The news release underscores the fact that:

SBA’s Women’s Business Center program, administered by its Office of Women’s Business Ownership, promotes the growth of women-owned businesses by providing business training and technical assistance, helping with access to credit and capital, and identifying federal contract and international trade opportunities. The program provided business counseling and training assistance to 148,106 individuals during fiscal year 2007.

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