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In addition, the Act also gave women-owned businesses a chance to compete for government contracts. Another monumental moment for women in business was the appointment of Susan Engeleiter as head of the US government's Small Business Administration in 1989. In the late 1980s and throughout the 1990s, there was more of a focus on networking ...
Research shows that in most countries there are significant challenges for women business owners in comparison to men business owners. [4] These challenges stem from many sources, including social and cultural stigmas, family and child-rearing responsibilities, maternity needs, educational background, career experience, and community support. [5]
The intermediary also assists by providing technical and management assistance. The maximum term allowed for an SBA micro-loan is six years. Loan terms, however, vary according to the size of the loan, the planned use of funds, the requirements of the intermediary lender, and the needs of the small business borrower.
Corporate support for women in business is also on the rise, with grants made available to help women in business. [42] [43] Affirmative action has been credited with "bringing a generation of women into business ownership" in the United States, following the 1988 Women's Business Ownership Act and subsequent measures. [44]
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Created by the Women's Business Ownership Act, the National Women's Business Council is a non-partisan federal advisory board created to present policy advice about women small business issues to the President and Congress. [2] [10] It has resulted in the Census Bureau being required to include women business owners in its census survey. [2]
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