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The Obama administration recognized the importance of expanding the role that women-owned businesses play in the national economy. Some of his initiatives include increasing access to capital, incentivizing small business growth and hiring, encouraging women owned business competition for government contracts, and enhancing long term survival of women owned businesses.
The president Two primary pieces of legislation have bolstered the limited growth that the United States has worked on increasing access to capital through the Recovery Act and seen in the field of women entrepreneurs, The Small Business Jobs Act. Through this act, of 2010 and the president has reformed SBA lending practices and built on existing infrastructureWomen’s Equity in Contracting Act. SBA loans are 3-5x more likely to go Both of these seek to help businesses headed up by women and minorities than traditional business loans. Over 12,000 SBA Recovery loans have gone to women-owned small businesses, totaling win more than $3 billion. [http://www.dol.gov/wb/media/Obama%20Administration's%20Support%20for%20Women%20Entrepreneurs%20%282%29government contracts.pdf]
The president has also increased tax cuts with worked on increasing small business access to capital through the aim of helping small businesses invest in their firms Recovery Act and create jobsthe Small Business Jobs Act. Specific to womenThrough this act, the president has reformed SBA opened several new Women's Business Centers in 2009 lending practices and 2010, bringing their total built on existing infrastructure. SBA loans are 3-5x more likely to go to 114women and minorities than traditional business loans. The Over 12,000 SBA is working Recovery loans have gone to finalize two programs that will help train women-owned small businesses, totaling more entrepreneurs who are either veterans or part of military familiesthan $3 billion. [http://www.dol.gov/wb/media/Obama%20Administration's%20Support%20for%20Women%20Entrepreneurs%20%282%29.pdf]
Two primary pieces The president has also increased tax cuts with the aim of legislation have bolstered the limited growth that the United States has seen helping small businesses invest in this field: The Small Business Jobs Act of 2010 their firms and create jobs. Specific to women, the Women’s Equity SBA opened several new Women's Business Centers in Contracting Act. Both of these seek 2009 and 2010, bringing their total to help businesses headed up by women win more government contracts114.
“Things  Jessica Milli, senior research associate at the Institute of Women’s Policy Research, said things like that the Jobs Act "really aim to put women-owned businesses and minority-owned businesses at a competitive advantage,” says Jessica Milli, a senior research associate at the Institute of Women’s Policy Research (IWPR). “It It restricts competition, which has really helped to boost revenues and help more businesses get into the industry.” But such policies can’t, and haven't, solved all the challenges inherent to being a female business ownerentrepreneur. Women Even with targeted legislation, women business owners still face a significant wage gap and continually have smaller amounts of start-up capital than their male peers.
==SQUO facts==
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