Only 30 years ago, state laws required women to have a male relative or her husband co-sign for a business loan. Fortunately, things have changed. Thanks in no small part to the advocacy of the National Association of Women Business Owners (NAWBO).
Creating Impact Through Engagement
October 2018 marks the 30th anniversary of the passage of HR 5050, known as the Women’s Business Ownership Act. The Act was created to address what women in business need through recognition, resources, and removal of discriminatory lending practices by financial institutions. The bill was signed into law by President Ronald Reagan.
Some of the highlights women have achieved as a result of HR5050 are:
- The Small Business Administration (SBA) established Women’s Business Center Programs across the United States
- The SBA was to provide financial assistance to private organizations geared toward supporting women-owned businesses.
- The Women Business Owner’s Act has supported women to start and grow privately-held businesses at nearly twice the rate of all other businesses.
- On September 30th, California Governor Jerry Brown signed SB 826 into law requiring public companies to add women to their boards of directors.
There are an estimated 11.6 million women-owned businesses in the United States that generate nearly $1.7 trillion in revenue.
While these accomplishments are meaningful, there’s still more work to be done in support of women business owners. Healthcare, taxes, education, equal pay, and safe work spaces are just some of the issues facing women and women business owners.
Join Us for A Celebration of Our Achievements
Join us on the 30th of October for a powerful evening with leading experts to discuss how far we’ve come and take a critical look at the challenges of our future. We will celebrate women business ownership and hear from some of the women who are instrumental in supporting women business owners. Women’s power of community is truly amazing!
Here at NAWBO-LA we are most excited about the answer to the questions we have been dying to ask: What Matters Now? What Matters Next?
Beate Chelette is the Founder of The Women’s Code and serves as the Programming Chair for the National Association of Women Business Owners (NAWBO-LA). Once $135,000 in debt and a single mother, she successfully sold her business to Bill Gates in a multi-million dollar deal.
Beate’s supports Business Owners and organizations who want to reach them two-fold. As The Growth Architect she creates training, outreach and sponsorship programs through customized Entrepreneur skills training following the 5 Star Success Blueprint that shows step-by-step how to grow, build and scale businesses.
In addition Beate provides leadership development programs for organizations that want to implement the ROI of Balanced Leadership through The Women’s Code, her signature system that educates leaders and helps companies achieve gender equality. The Women’s Code creates and implements programs that improve organizational culture, foster productive work environments and help companies improve their people ROI.
Beate is a respected speaker and mentor and is the author of the #1 International Amazon Bestseller “Happy Woman Happy World – How to Go From Overwhelmed to Awesome”, a book that corporate trainer and best-selling author Brian Tracy calls “a handbook for every woman who wants health, success and a fulfilling career.”
If you’d like to book Beate as a speaker on Leadership or Entrepreneurship for your next event please connect here.