House Panel Passes Bipartisan Bill Supporting Women Entrepreneurs

October 4, 2019 by Dan McCue

WASHINGTON – A bill introduced by freshman Reps. Sharice Davids, D-Kan., and Jim Hagedorn, R-Minn., and intended to provide women entrepreneurs greater access to resources and training has passed through the House Committee on Small Business without objection.

H.R. 4405, the Women’s Business Centers Improvements Act, authorizes $31.5 million in annual funding for four years for the Women’s Business Centers program.

“Women are the fastest growing sector of entrepreneurs, but many unique challenges still exist for women, particularly women of color, to start and grow a business,” Rep. Davids said.

“By strengthening Women’s Business Centers, we can increase access to vital counseling and technical training services for female entrepreneurs so they can succeed right here in Kansas,” she said.

For his part, Rep. Hagedorn thanked Rep. Davids for her leadership on the issue, and his colleagues on the committee for their support.

“We are one step closer to more effectively promoting women entrepreneurship and empowering a new generation of business leaders to achieve the American Dream,” he said.

The legislation would also raise the cap on individual center grants to $300,000 and index for inflation.

And it establishes an accreditation program, a constructive and transparent process for new center locations, while requiring an annual report be submitted by the SBA to Congress to analyze the effectiveness of the program. 

The Women’s Business Center program was established 30 years ago to help women entrepreneurs succeed, and now there are 150 locations throughout the U.S. which serve over 150,000 entrepreneurs annually.

Sherry Turner, executive director of the Kansas City Women’s Business Center, said women are increasingly exploring entrepreneurship as a pathway to financial self-sufficiency.

“Reauthorizing WBC funding is imperative to our consulting and training programs for women entrepreneurs serving more than 145,000 women entrepreneurs each year,” she said, adding that once H.R. 4405 passes the full Congress and is signed by the president, “women all over the country will have the opportunity to access more of the resources they need to start and grow their businesses.”

 To view the bill, click here.

Business

Davos Breakthrough: France, US Agree to Press Ahead With Global 'Digital Tax' Talks
Geopolitics
Davos Breakthrough: France, US Agree to Press Ahead With Global 'Digital Tax' Talks
January 23, 2020
by Dan McCue

The United States and France agreed Thursday to proceed with talks that could result in a global rewrite of cross-border tax rules for the digital era. The agreement to temporarily set aside a brewing tariff war over France’s digital tax on big tech companies to focus... Read More

New Mexico Governor Declares Space Her State's Next Frontier
In The News
New Mexico Governor Declares Space Her State's Next Frontier
January 13, 2020
by Dan McCue

New Mexico Gov. Michelle Lujan Grisham last week declared the burgeoning space industry is one of her nine economic growth sectors for the state. “New Mexico is truly breaking barriers in the space industry,” the governor said as she opened New Mexico’s first Space Valley Summit... Read More

Boeing CEO Dennis Muilenburg to Step Down Immediately
Aviation
Boeing CEO Dennis Muilenburg to Step Down Immediately

Boeing's CEO is resigning amid ongoing problems at the company over the troubled Max 737 aircraft. The Chicago manufacturer said Monday that Dennis Muilenburg is stepping down immediately. The board's current chairman David Calhoun will officially take over on January 13. The board said a change... Read More

Revised North American Trade Deal Overwhelmingly Passes House
Trade
Revised North American Trade Deal Overwhelmingly Passes House
December 20, 2019
by Dan McCue

WASHINGTON - In a strong show of bipartisan cooperation just hours after they were at each other's throats over the impeachment of President Donald Trump, Democrats and Republicans threw their support behind a new trade agreement with Canada and Mexico. The 385-41 vote in the House... Read More

No Date Set for U.S.-China ‘Phase Two’ Talks, Lighthizer Says
Trade
No Date Set for U.S.-China ‘Phase Two’ Talks, Lighthizer Says

WASHINGTON — No date has been set so far for the U.S. and China to kick off “phase two” trade talks, said U.S. Trade Representative Robert Lighthizer, contradicting a suggestion by President Donald Trump that negotiations would start right away. For now, the two sides are... Read More

House Committee Calls for Action to Prevent Airline Mishandling of Wheelchairs
Travel
House Committee Calls for Action to Prevent Airline Mishandling of Wheelchairs

U.S. House committee leaders this week called for airlines to do more to prevent mishandling of wheelchairs and scooters of passengers with disabilities, and sought more information on airlines’ policies and procedures. In a letter to industry group Airlines for America CEO Nicholas Calio, Delta Air... Read More

Straight From The Well
scroll top