The US Small Business Administration (SBA) has announced the opening of 20 new Women’s Business Centers (WBCs) across the United States. The centers are designed to serve rural, urban and underside communities alike.
The opening of the new centers marks the largest single expansion of the WBC in the US in the 30-year history of administration. The rollout of the new centers aims to support women-owned businesses to help them recover and succeed during these difficult times.
SBA Expands Women’s Business Centers
The Kovid-19 epidemic has naturally caused disruption and uneasiness among many small business owners. It has particularly hit women in business. A report released by the Female Founders Alliance in September 2020 surveyed professional women and non-binary individuals. It was found that prior to the epidemic, 87% of respondents said they were “highly likely to start a company”. Six months later, 51% said they had delayed or scrapped their plans.
Get significant business support
It is important that small businesses have support to help them navigate these testing times. Although training and funding opportunities, WBCs help women entrepreneurs start new businesses and compete in the market. The expansion of WBCs across the US can prove to be an important lifeline for marginal groups such as small businesses for women-led businesses.
JBAita Carranza, SBA Administrator, said how the Center will support women entrepreneurs:
“For the past several months, we have seen that Women’s Business Centers provide assistance to the innovative and determined entrepreneurs of our nation, allowing countless small business owners to pivot with confidence to live during an epidemic.
“The expansion of the WBC program is part of this administration’s long-term commitment to the success of women entrepreneurs and women-owned small businesses. Connecting these new women trade centers to America’s already existing network will boost our country’s women’s economic drive to timely resources, providing them with local training and mentoring. “
Consulting for women entrepreneurs
The SBA has a national network of about 136 centers. The facilities provide training, networking, workshops, technical support and one-to-one consulting. He also advises women entrepreneurs on topics related to financial management, starting a business, marketing, purchasing, etc.
On 1 January 2021, 20 new centers were opened. They are located in the states of Alabama, Arizona, California, Georgia, Maine, Mississippi, Montana, Nebraska, New York, North Carolina, Ohio, Pennsylvania, Tennessee, South Carolina, South. Dakota, Texas, Virginia, and Wisconsin.
The expansion of the WBC can prove invaluable in helping women and marginal groups overcome many obstacles to overcome the epidemic and ultimately succeed in owning the business.