Judy’s Comments

1 minute reading time (232 words)

The Women's Center Needs Funding

The Women's Center Needs Funding

wcecThe Women's Center for Entrepreneurship is a U. S. Small Business Administration's Women's Business Center that provides $150,000.00 per year of funding.  One of the requirements of this federal funding is to secure an additional $1.00 for every $1.00 of their grant - another $150,000.00.  At this point in time, the WBC is short $75,000.00 of this match requirement and will have no option but to cease operations in August if additional funding cannot be committed.

An example of the support available is Sherri Putnam, a single mother - a resident of Sparta, NJ - a disabled veteran who wassherriputnam running out of unemployment insurance when she went to the Center.  She had trained with NextGen, a company that provides software to medical entities so that they may be in compliance with President Obama's new medical initiative of universal reporting.  Sherri won their S.E.E.D. Grant Competition (a $5,000.00 grant from a program which was funded by the State, but not re-funded this year) and then secured another $5,000.00 loan from their NJ Microbusiness Credit Program to begin HCI Consulting, LLC.  In her first year of business, Sherri reports a six figure profit.  She is now seeking her first employee to help her with her administrative work, but also is interviewing additional trainers to expand her business.

Editor's note:  Part of the answer to a sagging economy is to stimulate small business growth. 

Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

NJ Wine Takes Second Place!
Are You an Entrepreneur?


No comments made yet. Be the first to submit a comment
Monday, 17 June 2024

Captcha Image

© 2024 GSWoman. All rights reserved.

Garden State Woman Education Foundations 501(c) 3.

PO Box 709
Long Valley, NJ 07853