WASHINGTON – Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced four funding opportunities for Women’s Business Centers (WBCs) totaling $30 million. This includes funding to support further expansion of the WBC network, the opening of a WBC in the U.S. Virgin Islands, and first-time specialized funding for WBCs that specialize in federal contracting and child care businesses.
The SBA is also announcing that WBC funding will now be available to organizations that provide mostly or entirely virtual counseling and training services to women-owned small businesses across the country – recognizing the increasing importance of digital services and expanding the SBA’s reach to entrepreneurs who may not have convenient access to the current WBC network, including women in rural communities, tribal lands, and military families.
“Under the Biden-Harris Administration, the SBA’s expanded network of WBCs is meeting new and established women business owners where they are and working to level the playing field for women entrepreneurs, who still face unique obstacles in funding and growing their businesses,” said Administrator Guzman. “With this funding expansion for WBCs, the SBA will better meet the increased demand stemming from the high rates of entrepreneurship among women under the Biden-Harris Administration’s Small Business Boom. Additionally, key policy changes will allow the SBA to leverage virtual tools to provide resources to more small businesses, prioritize industry gaps in child care, and further advance women in federal contracting.”
These specialized WBCs will join an unprecedented network of 152 in-person WBCs in all 50 states and Puerto Rico. Eligible applicants must be non-profit organizations with 501(c)(3) tax-exempt status that provide entrepreneurial development services to women, specifically women in areas that have been socially and economically disadvantaged within the U.S. and its territories.
Eligible organizations that are selected will be awarded up to $150,000 to open and operate a WBC.
The four funding opportunities include:
