Women's Business Ownership Act

The Women's Business Ownership Act of 1988 is a law that aims to support women entrepreneurs by recognizing their contributions and removing barriers they face in starting and growing businesses. It established the Office of Women's Business Ownership within the Small Business Administration (SBA), which provides resources, training, and counseling specifically for women business owners. The act encourages equal opportunities in government contracting and financial assistance, promoting greater participation of women in the economy. Overall, it seeks to empower women entrepreneurs, fostering their success and economic independence.