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Why it is Important to Recognize Equal Pay Day

Today, April 14, 2015, we recognize Equal Pay Day. This day marks how far into the year American women must work to earn what American men earned in the previous year. The National Committee on Pay Equality put Equal Pay Day into place in 1996 as a public awareness event to alert people of the gap between men and women's wages.  The White House estimates that full-time working women only earn 77% of what their male counterparts earn. This means women need to work about 60 EXTRA days to earn what men have earned in the previous year! In short, it is important to remember this day each year, as long as this gap continues to exist.

 

Please check out this list of resources on Equal Pay Day:

How Do You Say Pickle in Chinese?

4:46 PM November 28, 2012

 By Ann Sulivan, WIPP Government Relations

Recently, I had the privilege to participate in a White House Business Council meeting focusing on the fiscal cliff. After briefings from Jeffery Ziets, the Obama Administration's point man on the federal budget, and Alan Krueger, Chairman of the President's Council of Economic Advisers, our group broke into smaller sessions. Since increasing women exporters is a WIPP priority, the session led by Chairman and President of the Export-Import (Ex-Im) Bank, Fred Hochberg caught my attention.

According to Chairman Hochberg's numbers, the Ex-Im Bank exceeded expectations in 2012 by financing over $35 billion in exports - a new record. That support translated to $50 billion in export sales, more than 250,000 American jobs in over 3000 companies covering every sector of commerce. More importantly, $6 billion flowed directly to small businesses while finance authorization to women-owned and minority-owned businesses affected in the FY 2012 Ex-Im Bank Annual Report - and you might be surprised at just which businesses are getting involved with export.

When I asked Mr. Hochberg for some advice to interest women business owners in exporting, he offered this example: "Miss Jenny's Pickles" is a women-owned small business (and I mean small - they only have 4 full time employees) in North Carolina that was not the most likely company to think about exporting in a tough economy. As the story goes, the owners approached Mr. Hochberg after he gave the presentation on exporting. And grow they did - selling more and more pickles to a surprising place. China.

By partnering with resources available to everyone (for free) - from the Small Business Administration to the Commerce Department, Ex-Im Bank and North Carolina's Department of Agriculture, their pickles - available in four flavors - are finding consumers not just in Tennessee and Virginia, but Beijing and Shanghai. The revenues have allowed for growth, and it all began with an export business plan and some help from the government.

Fred Hochberg's big takeaway: if a pickle company in North Carolina can do it, so can you. Ex-Im Bank is used to working with small businesses and offers insurance against receivables. The Bank doesn't lend - it guaruntees financing, assisting businesses in obtaining capital.

WIPP's ExportNOW program, launched last month is just getting started with webinars and information to assist you in becoming an exporter.

The global economy awaits. And by the way, pickle is 泡菜.

By James Rivera, SBA Official

 

Many communities are still feeling the effects of Superstorm Sandy, including power outages and flooding. The importance of listening to instructions and safety information from your local officials and FEMA cannot be understated.

 

Federal response teams are already providing assistance to affected communities. SBA is closely coordinating with our federal partners to share information in the immediate aftermath of the storm.

 

- For the latest on the Federal government's response to Sandy, you can read FEMA's blog or follow updates on Twitter.

- If you need emergency shelter, you can download the Red Cross Hurricane app, visit the Red Cross web site, or check your local media outlets. You should also register on the Red Cross Safe and Well website, a secure and easy-to-use online tool that helps families connect during emergencies. Finally, you can download the FEMA smartphone app or text SHELTER and your Zip Code to 43362 (4FEMA). Standard rates apply.

- If you are not in an affected area, please consider donating blood, because numerous blood drives have been canceled as a result of the storm. To schedule a blood donation or for more information about giving blood or platelets, visit redcrossblood.org or call 1-800-RED CROSS (1-800-733-2767).

 

SBA plays an important role in disaster recovery efforts for businesses and homeowners. As disaster assessments and declarations are made, various SBA disaster recovery loan programs become available to eligible applicants. We will continue to highlight these programs as communities turn to longer-term recovery efforts.

 

For more information about SBA's disaster assistance programs, visit www.sba.gov/disaster or call our disaster assistance center at 1-800-659-2955.

 

#WIPP

 

WIPP Partners with Key4Women

1:08 PM April 26, 2011

I'm excited to announce WIPP's new partnership with KeyBank's Key4Women program. Key4Women will be partnering with WIPP's Women Accessing Capital program to help women-owned businesses better understand the process of obtaining financing. Together, these programs will seek to inform women about legislation directly impacting their businesses and provide financial education associated with acquiring funding, a combination that aims to support women in business with the resources essential to business growth.

In conjunction with WIPP's goal to make securing capital an easier and more transparent process, Key4Women will host webinars and local seminars on topics such fraud prevention, courage and leadership, SBA loans, venture capital and angel investing, and capital expenditures. Also, WIPP will connect our Instant Impact leaders across the country with Key4Women's programming and vice versa so that members of both organizations can benefit from the resources, information and connections being shared.

Key4Women was founded by Maria Coyne, Executive Vice President of the Business Banking segment at KeyBank. Maria offers financial advice for women in her monthly blog, Maria on Money, and is responsible for KeyBank's SBA program.

So here is the million dollar question: Should the government intervene in order to get better Access to Capital? This topic continues to be a point of discussion for all size of companies. The companies that need the capital and cannot get it complain that money is too tight. The companies that can access capital suggest that things are loosening up.

Maybe the banks are now using better due diligence to offer loans, and the companies that qualify are getting approved. Too many loans were written to companies that should not have gotten a loan, and now they are defaulting.

The people are complaining to their Congressmen and Senators and they are feeling the pressure. If the government steps in to stimulate the economy by encouraging easier access to capital, then aren't we setting ourselves up for further problems? I think we should take this time as a cleansing period. The companies that don't qualify now will get stronger by not being too leveraged.

We already have low interest rates, we have the additional bonus depreciation thru stimulus, isnt this enough? Now it is time to make prudent business decisions and run our businessness without piling on too much debt.

 

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