Santa Barbara, CA April 28, 2009 – With large corporations in dire economic straits and more than half a million U.S. private sector jobs lost so far in 2009, small business owners are wondering how they can survive, while businesses much larger than theirs are shrinking or shutting their doors. Women’s Economic Ventures (WEV) has been helping people in Santa Barbara and Ventura counties start and grow their own businesses since 1991 and knows that, while times are tough, there are some things small businesses can do to stay in business during economic downturns – and come out on top once the crisis has passed.
“Economic transformation in the U.S. has historically been driven by the development of small business, which generate 50% of private sector jobs,” said Angel Cottrell, Client Services Director, Women’s Economic Ventures. “At WEV, we are committed to helping small businesses start up, grow and thrive -especially in this down economy when small business supports our community by helping to keep money local.”
To help small businesses stay afloat during these tough economic times, Women’s Economic Ventures would like to offer the following advice:
About Women’s Economic Ventures (WEV)
WEV is dedicated to creating an equitable and just society through the economic empowerment of women across the globe. Since 1991, WEV has been providing self-employment training, technical assistance and microloans to primarily low-income women. Today, WEV offers a continuum of programs for women at every stage of the business lifecycle to help startup, launch, grow, and sustain a business. Services include comprehensive self-employment training program, advanced training, business counseling, coaching, and networking opportunities. WEV’s service area has grown to include north and south Santa Barbara County and Ventura County with offices in Santa Barbara and Oxnard. WEV’s Small Business Loan Fund provides start-up and expansion loans to pre-bankable microenterprises. WEV was designated a Community Development Financial Institution (CDFI) in 1999 by the U.S. Department of the Treasury. In 2005, the Small Business Administration recognized WEV as the most productive Women’s Business Center in the nation. For more information please call 805-965-6073 or visit www.wevonline.org.