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2 Jan, 2012

Women’s Business Council Recommends Ways To Strengthen Entrepreneurship

WASHINGTON, Dec. 29, 2011 /PRNewswire-USNewswire/ — The National Women’s Business Council (NWBC) submitted its 2011 Annual Report to the President, Congress and U.S. Small Business Administration, providing its list of policy and program recommendations for how the government can best assist women-owned businesses.

The NWBC spent the past year conducting research and engaging in numerous discussions with the women’s business community to identify crucial economic issues. The Council is mandated by law to make recommendations and submit them annually. Among this year’s recommendations:

(+) Explore the use of tax incentives to encourage increased lending by banks, increased funding by angel and venture investors, and increased corporate opportunities for women-owned businesses.

(+) Update statistics on women’s participation in the federal contracting sector.

(+) Continue funding for public-private partnerships, like the Women’s Business Center program, that focus specifically on women-owned small businesses.

(+) Encourage increased tracking of gender data by government agencies, similar to the methods recently implemented by the U.S. Patent and Trademark Office on intellectual property applications.

(+) Ensure continued and full funding for the U.S. Census Bureau’s Survey of Business Owners, the only comprehensive, regularly-collected source of information on businesses across the country by gender, race, ethnicity and veteran status.

Full details on these and all recommendations can be found in the 2011 Annual Report, which is posted on the NWBC website: www.nwbc.gov