News

Women are still a long way from wage parity <br> By Emilia DiMenco and Yana Lentz, Minneapolis

Women are still a long way from wage parity
By Emilia DiMenco and Yana Lentz, Minneapolis

Women are contributing to the economy at record rates, and that is especially true in Minnesota. In 2018, the labor force participation rate for Minnesota women was 66.3 percent, which is nearly 10 percent higher than the national average. Minnesota is also making great strides toward reducing the gender wage gap. Nationally, women are paid about … Continued



The Year of the Woman Comes to Illinois<Br>By Emilia DiMenco and Hedy Ratner

The Year of the Woman Comes to Illinois
By Emilia DiMenco and Hedy Ratner

Tomorrow is a monumental day for the city of Chicago. For the first time, not only does the city have a run-off election between two women, it has a run-off election with two African-American women. This historic mayoral race follows an inspiring wave of women leaders sworn into office earlier this year including democratic newcomer … Continued



International Women’s Day 2019! How Will You Balance for Better?
By Emilia DiMenco

Economic parity makes our businesses and our communities better, which is why the Women’s Business Development Center is committed to advancing economic independence for all women. When women are empowered to establish and grow successful businesses, they help drive our communities forward toward equal pay and equal representation in the workplace.  At the WBDC, we … Continued



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