This year marks the 35th anniversary of the Women’s Business Ownership Act of 1988, a groundbreaking legislation that reshaped the landscape for female entrepreneurs in the United States. The legacy of this act continues to reverberate through the business world, paving the way for increased opportunities and empowerment for women in entrepreneurship. As a testament to the enduring impact of this legislation, U.S. Small Business Administration (SBA) Administrator Isabel Guzman recently released staggering new data, unveiling a remarkable surge in SBA-backed loans to women-owned businesses.
The numbers cited by SBA’s administrator are echoed in Racine County and throughout Wisconsin as well as we continue to see year-over-year increases in women-owned companies receiving grants and loans from Business Lending Partners (BLP).
The 35th anniversary of the Women’s Business Ownership Act is an opportune moment to acknowledge and celebrate the progress achieved. However, it also serves as a reminder that BLP is a great resource to continue this positive momentum.
As we reflect on this milestone anniversary, BLP’s commitment to support small businesses throughout Wisconsin will continue.
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