SBA and National Women’s Business Council to Expand Opportunities for Women Investors and Owners
The U.S. Small Business Administration (SBA) and the National Women’s Business Council have joined forces in an effort to increase the flow of capital by and into small businesses run by women. The overriding goal is to encourage greater participation by women on the financial and investing side of high-growth entrepreneurship.
The SBA and the NWBC will hold a series of roundtable discussions nationwide to develop policy recommendations that will become action items to be pursued by the SBA. Today, the first in these series of meetings was held at Morgan Stanley in New York City. Moderated by NWBC Chair Carla Harris, and Javier Saade, Associate Administrator for SBA’s Office of Investment and Innovation, the session included questions about women entering and advancing in finance careers, with a focus on investing.
During the next few months, the working groups of about 20 will meet with investors and fund managers to discuss ways to increase the ranks of women investors while developing strategies to encourage investments in companies run by women. The series will culminate with unveiling the policy recommendations at the Private Equity Women Investor Network Meeting, tentatively scheduled for May 2015.
The SBA’s Office of Investment and Innovation houses the Small Business Investment Companies (SBIC), Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, along with SBA’s innovations initiatives. For more information specifically on the SBIC program, visit www.sba.gov/inv.
The National Women’s Business Council is a non-partisan federal advisory council serving as an independent source of advice and counsel to the President, Congress, and the SBA on issues of importance to women business owners. For more information, visit www.NWBC.gov.