Ensuring woman business owners have access to education, peers and support to guide them through scalability, stability and succession.
Advance on behalf of Minnesota Business Owners and increase opportunities within State and City Agencies and Corporations.
Attend State Events
Member strategy and Education
Education on public policy issues
Have two – three public policy events
Engage with legislators kind to women’s issues and create dialogue
Begin conversations with National and local organizations on women’s issues.
NAWBO provides a platform for women business owners to come together as one voice that translates into a formidable economic force and an effective agent for change in the business environment.
NAWBO was founded in 1975 to open doors for women entrepreneurs by transforming public policy and influencing opinion makers. In the beginning, there were twelve women business owners who met informally in the D.C. area to share information about federal contracts, access to capital and other issues related to their businesses.
NAWBO has continued to represent the issues and concerns of small and women-owned businesses at the national and state levels. Through Congressional testimony, public policy conferences and member education, NAWBO has been at the forefront of advocacy on behalf of women business owners and the issues that impact their companies. Join with NAWBO to represent the interests of the fastest growing segment of the economy.
As a non-partisan organization NAWBO has focused on public policy issues of national and statewide interest impacting women entrepreneurs and small businesses since 1975. By attending White House events, providing Congressional testimony, holding advocacy conferences, developing reports, and educating members, NAWBO has consistently brought the concerns of women business owners to our lawmakers in Washington, D.C.
In 1988, NAWBO played a key role in the passage of The Women's Business Ownership Act, also known as H.R. 5050. H.R. 5050 also created the National Women's Business Council, a body of women entrepreneurs and women's organizations that provides counsel to the President and Congress.
Access to Capital: NAWBO supports federal legislation that helps to overcome the current barriers related to access to capital by women business owners (WBOs) and reduces the risk of private sector lending to small businesses. The major sources of funding that women business owners continue to rely on are personal savings, reinvested business earnings, lines of credit, loans, equity financing, and venture capital, in that order. NAWBO favors a three-pronged advocacy approach in this area, choosing to focus on the various SBA loan programs, the Small Business Investment Company program, and tax incentives to encourage investment in the small business sector.
- The SBA loan program is one of the primary sources of capital for WBEs and must continue to be aggressively funded and subsidized by the federal government.
- Women business owners historically have had limited access to private venture capital. Therefore, equity-based capital programs, such as the SBIC, are crucial in filling that gap and need to be expanded and strengthened.
- Broad-based capital gains legislation that includes incentives to foster investment in all forms of organizations in the small business sector needs to be enacted.
- History indicates that robust entrepreneurial activity and small business ownership provide the basis for economic prosperity important to the long term vitality and success of our nation. Therefore, government policies that foster and encourage growth and expansion of fast-growing small businesses, such as those owned by women, are crucial to the health of the US economy.
Fair and Equitable Tax Treatment: NAWBO supports fair and equitable tax policy for large and small businesses that fosters the economic growth of women-owned and other small businesses. Legislation should be enacted to ensure tax equity and basic fairness for all forms of small business organizations.
Federal Procurement: NAWBO supports achievement of the 5% Federal procurement goal for women-owned small businesses (WOSBs) and other steps designed to assure women business owners their fair share of Federal contracts and contract dollars. Failure to achieve the 5% goal has cost women business owners an average of $5 billion in lost contracts each year.
NAWBO opposes contract bundling, the Federal government’s policy of consolidating its purchases of unrelated goods and services into a single large contract. Bundling limits the opportunities for small businesses to effectively compete, thereby restricting competition and increasing the overall cost of goods and services to the Federal government.