Women Owned Small Businesses (WOSB) are Growing

SBA Celebrates National Women’s Small Business Month

The number of women owning small business is on the rise.

Source: SBA Blogs. News and Views, Article written by Erin Andrew, published October 2, 2015

Women’s entrepreneurship is on the rise, according to preliminary data from U.S. Census Bureau, which shows that women are increasingly becoming small business owners. U.S. business ownership rose 27.5 percent for women, and overall, America added one million net, new businesses from 2007 to 2012, a period in which U.S. employment fell by 3.8 million.

This is exciting news, and as we celebrate National Women’s Small Business Month, it is important to not only recognize the contributions of women-owned businesses, but to help more women get started. Women still face many challenges when it comes to business ownership, and the SBA has the resources and assistance to help Woman-Owned Small Businesses over the hurdles to start-up.

The SBA broke some really significant records last year: small loans under the SBA’s Community Advantage loan program went from $56 ½ million to $200 million – that’ an 80% jump. More importantly, we were able to get more capital for those who need it the most. MORE….

Read the full story at https://www.sba.gov/blogs/sba-celebrates-national-womens-small-business-month

Women owned small businesses are increasing but still face many challenges.  Contact your nearest PTAC with questions about becoming a women owned small business (WOSB).

 For help with Government Contracting: contact your nearest Procurement Technical Assistance Center (PTAC). Funded through Cooperative Agreements between the U.S. Department of Defense and state and local governments/institutions, PTACs provide free and low-cost assistance in virtually all areas of government contracting.