Women’s Business Centers Improvement Act of 2023

Women's Business Centers Improvement Act of 2023

This bill reauthorizes the Women's Business Center Program through FY2027, raises the cap on individual center grants, establishes an accreditation program for grant recipients, and revises the duties of the Office of Women's Business Ownership.

Specifically, the bill modifies the Women's Business Center Program to enable the Small Business Administration (SBA) to provide initial and continuation grants to eligible entities to operate women's business centers for the benefit of women-owned small businesses. The SBA must also publish standards for a program to accredit entities that receive grants from the Women's Business Center Program, and such entities' receipt of continuation grants shall be contingent upon their obtaining accreditation.

The Women's Business Centers Improvement Act of 2023, also known as Bill 118 s 2184, is a piece of legislation introduced in the US Congress aimed at enhancing and improving the services provided by Women's Business Centers (WBCs) across the country.

The bill seeks to increase funding for WBCs, which are organizations that provide resources, training, and support to women entrepreneurs looking to start or grow their businesses. By increasing funding, the bill aims to expand the reach and impact of WBCs, allowing them to serve more women entrepreneurs and help them succeed in the business world.

Additionally, the Women's Business Centers Improvement Act of 2023 includes provisions to enhance the training and support services offered by WBCs. This includes providing specialized training programs tailored to the needs of women entrepreneurs, as well as increasing access to mentorship and networking opportunities. Overall, the goal of Bill 118 s 2184 is to empower women entrepreneurs and help them overcome the unique challenges they face in the business world. By strengthening and expanding the services provided by Women's Business Centers, the bill aims to support the growth and success of women-owned businesses across the country.