We’re celebrating the 30th anniversary of H.R. 5050 and the WBC program
As we celebrate Women’s History Month this March, we join in commemorating and encouraging the celebration of the role women have played in American history. This year, we mark the 30th anniversary of the Women’s Business Center program, an initiative that makes women’s business centers like Pathway WBC possible.
Did you know that it wasn’t until 1988 that the Women’s Business Ownership Act (or HR 5050) was passed? Among other things, H.R. 5050 established the Women’s Business Center program, created the National Women’s Business Center Council, and eliminated the state laws that required women to have a male relative or husband co-sign for a business loan.
Our friends at NAWBO recently published their whitepaper, “Spotlight on H.R. 5050: The Bill That Changed Everything for Women Business Owners.” We encourage you to read this study of the obstacles women in business have overcome, and the work that lies ahead.
Click here to read NAWBO’s whitepaper on H.R. 5050, including statements from SBA Administrator Linda McMahon.
As we mentioned in our article about the “2017 State of Women-Owned Business Report,” female entrepreneurs have come a long way, but there’s plenty more to be done. The good news is that the host organization for Pathway WBC, Pathway Lending, is focused on helping women and minority-owned businesses with the number one obstacle they face in entrepreneurship: access to capital.
If you’re having trouble finding funding for your small business, visit pathwaylending.org to learn more about the types of loans we offer as well as client success stories.
We encourage anyone looking to start or grow their business to come to a Blue Sky Business Modeling Workshop to learn more about Pathway WBC.
This popular workshop is just $5, and is a great sampling of the classroom support and mentoring you’ll find at Pathway WBC.
To all our entrepreneurs – keep working for change and know you’ve got a partner on your journey.