Cincinnati, OH – Congressman Steve Chabot (R-Westwood) made the following statement today regarding the announcement that the U.S. Small Business Administration (SBA) is opening a Women’s Business Center in Cincinnati:
“The announcement that the SBA is opening a Women’s Business Center in Cincinnati is tremendous news. Women-owned small businesses have had a remarkable impact on our nation’s economy. With an estimated 11.6 million women-owned businesses employing nearly 9 million Americans, it’s impossible to ignore the role these businesses play in creating jobs and growing our communities. Not surprisingly, women-owned small businesses have grown at a rate 2.5 times faster than the national average over the last decade. But, we still have a ways to go before our economy benefits from the full potential that women business owners could provide.
“And that’s where the SBA’s Women’s Business Centers come in. Through advocacy, education and outreach, Women’s Business Centers help women entrepreneurs navigate the various challenges they face when starting and growing their businesses. Now, and in the coming years, more women business owners here in Cincinnati will be able to take advantage of these resources and utilize them to continue to create and grow their businesses, while bolstering the local economy.”
The U.S. Small Business Administration announced on April 5 that it is partnering with the non-profit Economic and Community Development Institute, Inc. to develop and administer a new Women’s Business Center to be located in Cincinnati.