News

Making 2019 the year of the woman business owner, By Emilia DiMenco and Hedy Ratner

Making 2019 the year of the woman business owner, By Emilia DiMenco and Hedy Ratner

Gov.-elect J.B. Pritzker and our new state leadership must take this opportunity to promote economic empowerment for women and minority business owners in Illinois. When Illinois swears in its new class of state representatives following this year’s midterm elections, more than 40 women will take the oath of office, mirroring a historic nationwide trend of … Continued



Let’s make 2018 the Year of the Woman Voter

Now more than ever we need women’s voices—especially young voices—to be heard. As many women successfully secured their party’s nomination for the general election, 2018 has been described as another “year of the woman.” But to advance these outstanding female voices, what we really need is the “year of the woman voter.” Now more than … Continued



Helping Each Other

Helping Each Other

Illinois lawmakers in 2007 created the Charitable Trust Stabilization fund.  The purpose was to help small non‑profit groups working in especially challenged economic areas. Money in the fund comes from the non-profit community, not Illinois taxpayers. Applications for grant money are being accepted through September 30th, 2018. An 11-member board will consider the applications. This … Continued



WBDC Client Wins National SBA Award!

SBA Awards Illinois Entrepreneur as 2018 National Small Business Person of the Year Entrepreneurs from West Virginia, New Mexico and Louisiana also recognized by SBA as Runners-up WASHINGTON – Linda McMahon, Administrator of the U.S. Small Business Administration today recognized and awarded this year’s Small Business Person of the Year at a ceremony and reception at the … Continued



Access to Capital: How to Find the Financial Resources You Need to Start or Grow Your Business – By Lisandra Martinez

When it comes to starting or growing your business, access to capital is one of the most important foundational aspects. Whether you already think you have the resources you need, or if  you’re seeking additional funds, there are a few things you should keep in mind. Get Prepared The best way to access funding is to pursue funding opportunities prepared – and to see every networking event as an … Continued



Keep Women in the Workforce and Men Win, Too – By Emilia DiMenco

As published in Crain’s Op-Ed Section on 4/10/2018: Chicago’s workers are making less money than they could, and that won’t change unless we figure out how to keep women in the workforce. According to a recent study by University of Akron assistant professor Amanda Weinstein, local wages—for men and women—rise when more women enter the workforce. Weinstein … Continued



Hedy M. Ratner’s Testimony on Business Enterprise Program to State Government Administration Committee Meeting- April 4, 2018

Business ownership is a route to wealth creation and economic growth.  Entrepreneurship plays a vital role in creating jobs and dynamism within our economy and has served our state well.   Although the rate of business starts declined during the recession, the rate of business growth has been highest in businesses owned by women and people … Continued



Freida Curry’s Testimony on Business Enterprise Program to State Government Administration Committee Meeting- April 4, 2018

My name is Freida Curry, and I am a Managing Director at the Women’s Business Development Center – also referred to as WBDC.  The WBDC is a 31 year-old organization that has guided, supported, motivated, and educated women-owned and other small businesses to acquire the skills and resources essential for starting and building successful businesses.  … Continued



Emilia DiMenco releases statement in honor of Black History Month

Emilia DiMenco releases statement in honor of Black History Month

“During Black History Month, we celebrate the incredible impact African Americans have had on our country. At the WBDC, we see this impact every day as we work closely with black business owners who are driving our local and national economies. According to the Small Business Administration, African Americans own 2.6 million small businesses that … Continued



Women’s Business Development Center Launches InventIllinois to Help Bring New High Science Products to Market

Women’s Business Development Center Launches InventIllinois to Help Bring New High Science Products to Market

FOR IMMEDIATE RELEASE December 20, 2017 MEDIA CONTACT Rachel Hatch rachel@hawthornestrategy.com (248) 787-5632 Women’s Business Development Center Launches InventIllinois to Help Bring New High Science Products to Market Program to support women, minority, and veteran researchers, innovators and entrepreneurs to enhance their competitiveness for $2.5 billion federal seed funding CHICAGO – The Women’s Business Development … Continued