The U.S. Small Business Administration (SBA) has just announced a game-changing initiative: $30 million in new grant funding for Women’s Business Centers (WBCs) across the country. This funding is set to fuel the expansion of the WBC network, bringing vital resources and support to women entrepreneurs, especially in underserved and rural communities. With a focus on helping women navigate the challenges of starting and growing a business, this initiative is poised to make a significant impact on the landscape of women-owned businesses.
Under the Biden-Harris Administration, the SBA has been working diligently to level the playing field for women entrepreneurs, who continue to face unique challenges in funding and business growth. This latest round of funding will support the creation of new WBCs, including the first-ever center in the U.S. Virgin Islands, and provide specialized support for centers that focus on federal contracting and child care businesses. In a bold move to increase accessibility, the SBA is also opening the doors to organizations that offer primarily virtual services, ensuring that women in even the most remote areas can access the resources they need.
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This funding represents an unprecedented opportunity for women entrepreneurs to gain the support, training, and mentorship needed to succeed. With grants of up to $150,000 available for eligible non-profit organizations, the expanded network of WBCs will provide essential entrepreneurial development services. This includes helping women business owners with federal contracting, procurement assistance, and readiness for certification in Women-Owned Small Business (WOSB) and Economically Disadvantaged Women-Owned Small Business (EDWOSB) programs.
The expansion of the WBC network is more than just an investment in women—it’s an investment in our communities and economy. By focusing on areas that have been socially and economically disadvantaged, these centers are opening doors that have long been closed. They are providing a pathway to success for women who have the vision and determination but need the resources and guidance to turn their dreams into reality.
If you’re ready to take advantage of this incredible opportunity, contact us at the Women’s Innovation Group to find out how you can get involved. Whether you’re looking to apply for funding, enroll in a program, or simply learn more about how these initiatives can help you, we’re here to support you every step of the way.
For more information on this initiative and to explore the full announcement, visit the SBA’s website here. Let’s work together to build a brighter, more inclusive future for women in business!