In Business / August 2006
Women Act
The Women’s Small Business Ownership Programs Act of 2006 has been introduced by Sen. Olympia Snowe (R-Maine) and Sen. John Kerry (D-MA).
The bill, S. 3659, which will amend Section 29 of the Small Business Act, is designed to encourage women small business ownership by revitalizing programs within the Small Business Administration (SBA) geared toward women-owned businesses.
Presently, there are 15.6 million women business owners in the United States and many more waiting for their chance at ownership. The Women’s Small Business Ownership Programs Act of 2006, is an important step in strengthening the resources for women entrepreneurs. Women and small business supporters are calling on the Senate Small Business Committee to show their support as well.
If passed, the Women’s Small Business Ownership Programs Act of 2006 would direct the SBA’s Office of Women’s Business Ownership to develop new programs for emerging and established women-owned small businesses. The act would also streamline the operations of women business centers throughout the country by proposing a four-year funding and evaluation period, followed by three year grants to those centers that meet funding criteria.
One problem that many new women entrepreneurs face is finding a constant resource to help them through the many intricacies of business ownership.
This legislation would be instrumental in providing new and needed resources for women business owners.
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