California Capital FDC Newsletter
November 2014
In This Issue
Data Spotlight: Women-owned Businesses
On the Horizon: Legislation and Women-owned Businesses
NEW: California Capital is a PTAC
California Capital Staff: William Gist
Upcoming California Capital Workshops
Quick Links


Welcome to the first California Capital E-Newsletter.  Here at California Capital, we value up-to-date research on small businesses and we want to share that information with you.  In this monthly e-newsletter, you'll find an abundance of newly released data relevant to a wide variety of small business-related issues.  Each month we will spotlight a different research focus, such as women-owned businesses, minority-owned businesses, veteran-owned businesses, and industry specific trends.  In addition, each month you'll find a list of upcoming classes offered through the Women's Business Center (WBC) and the Procurement Technical Assistance Center (PTAC).  Enjoy and we hope to see you at California Capital events and workshops!

 

 

 

DATA SPOTLIGHT: WOMEN-OWNED BUSINESSES

In this issue, we want to shed light on the status of U.S. women-owned businesses.   A recent publication, titled "21st Century Barriers to Women's Entrepreneurship," provides a clear picture of where women business owners stand today. 

 

"The Committee identified that:            

  • Women-owned businesses increased from 4.6 percent of all firms in 1972 to 28.7 percent of all firms in 2007.
  • The growth rate of women-owned firms rose by 20 percent from 2002 to 2007.
  • The share of revenue generated by women-owned firms rose from just 0.3 percent of all receipts in 1972 to 3.9 percent in 2007.
  • The growth of women-owned firms outpaces that of all other firm types; women-
    owned businesses added roughly 500,000 jobs between 1997 and 2007, while the rest of privately held firms lost jobs" (Page 5).

"MINORITY WOMEN: HELPING DRIVE SMALL BUSINESS GROWTH"

 

"From 1997 to 2013, while the total number of female-owned firms in the United States grew by only 59 percent-one and a half times the national average-a closer look at the statistics shows that women of color are the catalyst behind much of this growth:

  • African American women-owned businesses grew by 258 percent;
  • Latina women-owned businesses grew by 180 percent;
  • Asian American women-owned businesses grew by 156 percent;
  • Native American and Alaska Native women-owned businesses grew by 108 percent; and
  • Native Hawaiian and Pacific Islander women-owned businesses grew by 21 percent" (Pages 14-15).

"In fact, projections by the U.S. Census show that women of color will make up the majority of women by 2045, with Hispanic women leading this population growth.  While non-minority women will make up 62 percent of the female population in 2015, their numbers are projected to fall to 47 percent of the female population in 2050, when 53 percent of all women will be women of color" (Page 15).

 

 "KEY FINDINGS AND NEXT STEPS"

 

"Women entrepreneurs still face challenges getting fair access to capital.  Only 4 percent of the total dollar value of all small business loans goes to women entrepreneurs.  The report proposes expanding microloans and makes SBA's Intermediary Loan Program permanent to provide more capital to women entrepreneurs. 

 

"Women entrepreneurs still face challenges getting equal access to federal contracts.  The U.S. Government has never met its goal of awarding 5 percent of federal contracts to women-owned business.  If they did, women-owned businesses would have access to marketplace opportunities worth at least $4 billion each year.  The report proposes changing federal law giving women-owned businesses the opportunity to win sole source federal contracts."

 

"Women entrepreneurs still face challenges getting relevant business training and counseling.  Although Women's Business Centers are in nearly all 50 states and they successfully provide specialized business training and counseling to women business owners, these centers have not been re-authorized since the 1990s and funding has remained flat for the same time period.  The report proposes reauthorizing and funding the centers to provide adequate business training and counseling to women entrepreneurs, especially low income women" (Page 1).

 

Source: "21st Century Barriers to Women's Entrepreneurship: Majority Report of the U.S. Senate Committee on Small Business and Entrepreneurship."  July 23, 2014. Maria Cantwell, Chairwoma

n.  Revised Edition v. 1. 

 

ON THE HORIZON: LEGISLATION AND WOMEN-OWNED BUSINESSES
 

Cantwell Proposes Bill to Aid Women Owned Businesses

Aug 11, 2014

By Susan Payton

 

If women feel that running a business has been a challenge, there may be some respite coming soon. U.S. Sen. Maria Cantwell, (D-Wash), Chairwoman of the Senate Committee on Small Business and Entrepreneurship and several other Senators have introduced new legislation. The bill is designed to provide female entrepreneurs with better and more equal treatment in starting and growing a business.


 
A History of the Issues


 
While women own a whopping 10.6 million businesses in the US, they still find it harder to secure business loans than men do. Out of every $23 lent to small businesses, only $1 goes to a woman-owned business, according to a report issued(PDF) by the committee. Women entrepreneurs are seeing this challenge at every level of financing and investment, from micro loans and venture capital to conventional loans.


 
Women also historically haven't had equal access to government contract opportunities. Twenty years ago, Congress set a government-wide goal of awarding 5% of government contracts to women-owned businesses. But guess what? That goal has never been achieved. And so women keep missing out on $4 billion in federal contracts each year.


 
Another project the U.S. government has left fall by the wayside is the growth of the Small Business Administration's  Women's Business Centers (WBC), designed to provide women with training and additional resources. Without funding, these centers have stagnated and haven't fulfilled their potential in serving women nationwide.


 
All of these factors have been deterrents to more women jumping into business ownership. And all are points the proposed "Women's Small Business Ownership Act of 2014" would address.


 
What The Bill Will Do

 

If passed, here are some of the specific issues the bill is designed to address.


 
Improve Lending Opportunities for Women Owned Businesses


 
The Act would expand and improve the SBA's microloan and intermediary lending program to reach women who need $50,000 or less for their businesses. It would also enable women who need more - up to $200,000 - to get better access to these loans. Microlenders would have a higher lending cap of $7 million, which would allow them to approve more loans to women.


 
Boost the Women-Owned Small Business Federal Contract Program

 

This would put women-owned businesses on equal ground with other disadvantaged groups when bidding on federal contracts and move Congress closer to its 5% goal.


 
Increase Funding for the Women's Business Center Program

 

The Act would expand services and provide more counseling and training to female business owners, especially those in lower-income regions of the country.


 
Gather Data on Women-Owned Businesses

 

To date, there's never been substantial research on female-run businesses. This Act would set a 2015 deadline for the SBA to determine industries where women are under-represented. 


 
Source: http://smallbiztrends.com/2014/08/cantwell-proposes-bill-improve-training-funding-women-owned-businesses.html

 

 

NEW: CALIFORNIA CAPITAL IS A PTAC

California Capital is pleased to have been designated as a Procurement Technical Assistance Center by the U.S. Defense Logistics Agency.  Click here to see Congresswoman Matsui's announcement of the new PTAC.  


 
Procurement Technical Assistance Centers (PTACs) serve as a resource for businesses pursuing and performing under government contracts, including contracts with the Department of Defense, other federal agencies, state and local governments and with government prime contractors. 


 
PTAC support to businesses includes registration in systems such as the System for Award Management (SAM), identification of contract opportunities, help in understanding requirements and in preparing and submitting bids. 


 
As the newest PTAC in California, we look forward to working with the many small businesses who aspire to be government 

contractors. 


 Mission Statement...

to increase the number of capable and qualified Sacramento-area small businesses with access to government marketplaces.

We execute our mission by performing three core tasks:

  • Providing businesses with an understanding of the requirements of government contracting and small business regulations, and acquisition processes and procedures;
  • Providing businesses with the market know-how and resources they need to identify the most optimal federal, state, and local government customers and opportunities;
  • Providing government agencies with the support and collaboration they need to reach and hear-from the small business suppliers they need. 

 


 

 

CALIFORNIA CAPITAL STAFF: WILL GIST

California Capital is excited to announce our new PTAC Program Director, Will Gist! 


 Biography


 
Will Gist is a serial-entrepreneur with an affinity for helping other small business owners grow and succeed.  As an entrepreneur, Will has more than 14 years of experience owning and managing multiple small businesses; and, as a business development professional, Will has assisted hundreds of small businesses procure millions of dollars in government contracts, through thousands of hours of one-on-one counseling.  Currently, Will is Director of the Sacramento PTAC; there he directs a small staff of procurement professionals and training instructors with achieving the center's mission, which is to assist Sacramento-area small businesses with winning government contracts.  Will received his BA from Howard University, an MA from George Washington University, and an MBA from the University of Maryland University College.  


 


 

 

UPCOMING NOVEMBER CALIFORNIA CAPITAL WORKSHOPS


 

Date

Time

Topic

Location

 

November 4

 

 

9:30 am - 11:30 am

 

SBA: Federal Contracting for Veterans

CA Capital WBC/PTAC

 

November 5

 

 

9:30 am - 11:30 am

 

SBA Woman Owned Small Business Certification

CA Capital WBC/PTAC

 

November 5

 

1:00 pm - 3:00 pm

Federal Contract Negotiations

CA Capital WBC/PTAC

 

November 13

 

9:30 am - 11:30 am

Federal Contract Administration

CA Capital WBC/PTAC

 

November 13

 

1:00 pm - 2:30 pm

Business 101

CA Capital WBC

 

November 18

 

9:30 am - 11:30 am

Payroll 101

CA Capital WBC

 

November 18

 

1:00 pm - 3:00 pm

Social Media for Small Business

CA Capital WBC

 

November 19

 

8:00 am - 2:30 pm

Connecting Point

Scottish Rite Masonic Center

 

November 20

 

9:30 am - 11:30 am

Buying a Franchise

CA Capital WBC

 

November 20

 

1:30 pm - 3:00 pm

SBA Financing

CA Capital WBC


Thank you for reading our first e-newsletter!  We hope to see you at California Capital events and workshops.