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Ms. CANTWELL. I rise today to speak about an important piece of legislation that will be before the Senate shortly that will help women entrepreneurs across the country break through the glass ceiling.
Earlier this year, as chairwoman of the Senate Committee on Small Business and Entrepreneurship, I released a report entitled ``21st Century Barriers to Women's Entrepreneurship.'' These barriers, according to our report, show that women entrepreneurs were not getting a fair shot at access to capital, not getting a fair shot at competing for Federal contracts, and needed more programs tailored specifically to their needs and certainly needed more access to capital and at smaller amounts of money.
This chart shows the various things that were relevant from that report: equal access to Federal contracts, access to capital, and relevant business training.
We heard an earful from women entrepreneurs all across America, and it spurred us to take action and make major changes.
That is why we introduced legislation called the Women's Small Business Ownership Act of 2014, and this legislation did three things: It said, let's focus on sole-source contracting authority for women-owned businesses when they are working with the Federal Government, let's improve the counseling to women, and let's make sure women get the access to capital that they deserve.
Additionally, the issue of sole-source contracting was taken up by two of my colleagues, Senator Shaheen and Senator Gillibrand. I should say that my predecessor on the committee, Senator Landrieu, had worked on this issue of access to capital for women for a long time, and we certainly applaud all she did as chairwoman of the Small Business Committee.
The sole-source contracting provision is in the Defense bill we are going to be taking up shortly.
I thank all of my colleagues--as I said, Senator Shaheen, Senator Gillibrand, Senator Landrieu--and also the SBA Administrator, Maria Contreras-Sweet, for their support in getting more federal contracts to women-owned businesses.
There are more than 8 million women-owned businesses in the United States, but they only get a tiny percent--about 4 percent--of Federal contracts. We want to make sure this is changed. I think we have a second chart that describes this problem.
We have a Federal goal of making sure that small businesses get access to contracts at each Federal agency so that we are doing all we can to grow small businesses in America. If you think about it, many small businesses have the technological expertise to do the work. What they often don't have is the manpower to wade through the lengthy and complicated federal contracting process. So sole-source contracting allows the Federal Government to streamline the procurement process when selecting a company. So we want to make sure this is changed, and the FY 15 NDAA legislation will do just that.
Twenty years ago, Congress established the goal of awarding 5 percent of all Federal contracts to women-owned small businesses, but we did not make sure there was fair representation in the marketplace to achieve this goal. Last year, the Department of Defense accounted for 68 percent of Federal procurement opportunities; yet the Department of Defense only issued 3.6 percent of those contracts to women-owned small businesses. In my State, the State of Washington, women received only 1.67 percent of Federal contracts. We heard from women across America, when they came to testify before the Small Business Committee this summer, exactly how challenging this process is.
I want to point out a last chart, which shows that 28 percent of businesses in the United States are women-owned, and we certainly want to increase that. Part of our challenge economically is to make sure various groups are getting access to adequate capital, getting opportunities to compete for federal contracts, and getting the counseling and training they need, so they can participate in the economy as small business owners. But we can see on this chart that the percentage of federal contracts to women-owned businesses is minuscule. We want to make sure we are doing everything we can to help these women.
Trena Payton, a business owner and veteran from my home state of Washington, is one of these voices fighting for this provision to be made into law. Trena testified at a Small Business Committee hearing on Veterans' Entrepreneurship. In 2003, Trena decided to open her own business. It took her more than a year to land her first contract. She said at the hearing:
As the head of a women-owned small business, I can tell you that access to the federal marketplace is a huge issue.
Today, Trena's company, ABN Technologies, has grown to employ twelve people and last year generated revenues of 8.1 million dollars. On sole-source contracting, Trena said, this change ``would help millions of women break through barriers to accessing federal contracts.''
I also want to talk about Charlotte Baker, who owns Digital Hands in Tampa, FL. Charlotte's company provides cyber security services and IT business to the government. Her company is developing new, innovative solutions to deter cyber threats. That is a service we need, but she may never win a contract through the regular process.
I urge my colleagues to support this legislation that is coming over from the House and give women the tools they need to be successful.
I would like to thank the many organizations, small business advocates, and staff who have worked to get the women's sole-source provision enacted into law: Women Impacting Public Policy--especially Ann Sullivan, Barbara Kasoff, John Stanford, and Martin Feeney; the National Women's Business Council; the Women's Business Enterprise National Council; the Women President's Organization; the National Association of Women Business Owners; the National Women Business Owners Corporation; the U.S. Black Chambers; the U.S. Hispanic Chamber of Commerce; the Association for Enterprise Opportunity; the Business and Professional Women's Foundation; Enterprising Women; the Path Forward Center for Innovation and Entrepreneurship; the REDC Center for Women's Enterprise; the Small Business & Entrepreneurship Council; Women in Trucking; the Women's Business Development Council; the Women's Exchange; and the Association of Women's Business Centers. From staff, I'd like to thank Jonathan Hale, Alison Mueller, Nick Sutter, Ami Sanchez, Carl Seip, Jane Campbell, Kevin Wheeler and LeAnn Delaney.
I yield the floor.
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