Historic Funding for Women's Business Centers
On February 3, 2026, the Women's Business Center Program (WBC) at the Small Business Administration (SBA) achieved a significant milestone by securing $27 million in funding. This remarkable amount comes from a newly passed bipartisan funding bill, ensuring the program receives the highest financial support it has ever seen. This funding marks a pivotal point, being the first time the program has been specifically mentioned in legislative text.
Support for Women Entrepreneurs
Corinne Goble, CEO of the Association of Women's Business Centers (AWBC), expressed her enthusiasm for the funding, highlighting the commitment to the 15 million women entrepreneurs who play a vital role in driving economic growth throughout the nation. She affirmed the ongoing support from Congress, which allows the Women's Business Center network to continue empowering women by assisting them in launching businesses, increasing their revenue, accessing capital, and generating jobs. This investment is more than just monetary support; it reflects a strong belief in the economic contributions of American entrepreneurs.
Gratitude for Congressional Leaders
Goble acknowledged the instrumental roles played by key leaders within Congress, including Chairman Bill Hagerty and Ranking Members Jack Reed, Dave Joyce, and Steny Hoyer. Their leadership in advocating for the Women's Business Center program has contributed significantly to this achievement. Additionally, she expressed appreciation to various congressional committees for their steadfast oversight and advocacy.
The Impact of Women's Business Centers
Since 1988, when the first Women's Business Center opened its doors, the WBC network has become a cornerstone for millions of entrepreneurs. By offering extensive training, counseling, and access to vital resources, these centers help individuals successfully start, grow, and sustain their businesses.
Recent data illustrates the effectiveness of WBCs, with reports revealing an impressive return on investment. For every dollar of support received from the SBA, WBCs generate $6 in small business revenue and attract $7.50 in private capital investment. Importantly, this leads to the sustenance of 340,000 jobs, which collectively contribute over $16 billion in salaries to the economy.
Looking Ahead
The funding for FY 2026 represents a crucial step forward, ensuring that Women’s Business Centers continue their invaluable work. With this financial backing, these centers will empower local economies, broaden opportunities, and deliver measurable success for entrepreneurs across diverse communities.
About the Association of Women's Business Centers
The Association of Women's Business Centers (AWBC) stands as a vital national advocate for advancing the economic power of women entrepreneurs. With a network of over 140 WBCs across the United States, the AWBC provides essential resources including free coaching, networking opportunities, and training to ensure small business owners have the necessary tools to thrive.
Digital Readiness and Partnerships
In collaboration with partners like Verizon and TikTok, the AWBC strives to enhance digital readiness and skills enhancement programs. Their initiatives also include significant national projects aimed at reaching a broad audience of women entrepreneurs.
Frequently Asked Questions
What is the funding amount received by the Women's Business Center Program?
The Women's Business Center Program has received $27 million for the current fiscal year.
What does this funding support?
This funding supports women entrepreneurs by providing training, resources, and assistance in starting and growing their businesses.
How long has the Women's Business Center network been established?
The Women's Business Center network has been supporting entrepreneurs since its first center opened in 1988.
What impact do Women's Business Centers have on the economy?
WBCs generate $6 in revenue and attract $7.50 in private capital investment for every $1 of SBA support, while sustaining hundreds of thousands of jobs.
Who is the CEO of the Association of Women's Business Centers?
The CEO of the Association of Women's Business Centers is Corinne Goble.
