On the recordOctober 5, 2015
I have introduced, along with Senator Vitter and Senator Shaheen, a bill that we believe will help break the glass ceiling women entrepreneurs face in this country. This month is National Women's Small Business Month. Throughout the month, the important contributions women entrepreneurs make to keep the economy growing will be highlighted. According the U.S. Small Business Administration, SBA, women-owned businesses are growing three times faster than their counterparts. Today, there are more than 10 million women-owned businesses across our country. They provide more than 23 million jobs and are expected to provide another five million additional jobs by 2018. In addition, one-third of all women-owned businesses are now owned by minorities. It is clear that we need to be investing more in our women-owned small businesses. That is why the legislation I am introducing today would help ensure that the next generation of women small business owners can get the training and counseling they need to turn their ideas into realities. This legislation would reauthorize the SBA's Women's Business Centers, WBCs, program for the first time since 1999. I am very pleased we were able to raise the authorized funding level for this critical counseling program to $21.7 million annually. Although the number of women entrepreneurs has continued to grow, funding for WBCs has remained flat for many years.…





