wendy bauman -- women in leadership at all levels

#17MCSummit

17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE

Opportunity and HopeOver 25 Years of Putting Dreams to Work

#17MCSummit


Development that is not Engendered – is Endangered…

Women are 70% of the world’s 1.3 billion absolute poor

Women are sole earners in 40% of world households

Women hold 21% of Parliamentary seats worldwide

Women are 48% of the world’s 15.4 million refugees

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The Global Economy NEEDS the other 51% (women!)

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Investing in Women Pays Dividends:

Women worldwide are more likely to…

Put their income back in their community

Drive literacy

Push mortality rates down and gross domestic product up

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Investing in Women Pays Dividends:

Former Secretary Hillary Clinton has said,

“There is no doubt, that the increasing numbers of women in the economy… has fueled significant growth everywhere. And the economies that are making the shift more effectively and rapidly are dramatically outperforming those that have not.”

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Women and Economics in the U.S.: Women’s Assets

28% women in the U.S. outearn their husbands (1 in 4)

Women equal 43% of Americans with assets greater than $500,000

Women earn 40% of the world’s GDP

Women own 60% of all assets in the United States

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Women’s Economic Market

In the U.S., women control….

80% of household spending

81% of retail sales

82% of grocery sales

And are responsible for…. 61% of all travel and consumer electronics

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Women of Influence

Women have been the majority of voters in the U.S. since 1964

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Women in Business

8.6 million women owned business in the United States

Women owned business generate $1.3 trillion in revenues and employ 7.8 million people

Women-owned firms are exceeding overall sector growth in eight of the 13 most populous industries

The relative strength of million-dollar women owned firms is greater now than a decade ago.

Source: 2013 State of Women Owned Business

Report by American Express OPEN

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Experts predict that by 2018, women’s businesses will create more than half of the new small business jobs and a third of the nation’s total new jobs. Beyond that, anything is possible.

Credit: Library of Congress

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Particularly for women

Economic Independence Sheds Light on the World

Transformation about freedom

Transformation about power

Transformation about abundance

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Strategic Planning

Who We Are:The Wisconsin Women’s Business Initiative Corporation (WWBIC) is a

leading innovative statewide economic development corporation “Putting Dreams to Work.”

Who We Care About: We focus on individuals who face barriers of traditional means.

What We Do: We open doors of opportunity by providing targeted individuals who are

interested in starting, strengthening or expanding businesses with access to necessary resources and tools such as quality financial and business education,

and responsible financial products

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Strategic Planning Our Social Goal:

Indicators of Social Goal: • Job Creation• Businesses Started, Expanded, or Strengthened• Increased Individual Income• Increased Assets (personal and business)• Higher Credit Scores Macro Impact:• Individual Achievement of Personal Financial and Entrepreneurial Goals• Increased Individual Financial Acumen• Economic Self-Sufficiency through Less Reliance on Public Assistance• Community Stabilization through Business and Home Ownership• Social Responsibility

Improve the economic well-being of targeted individuals by building assets and advancing self-

sufficiency.

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WWBIC Social PerformanceMeasurement and Impact

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Social Goal and Indicators

“Improve the economic wellbeing

of targeted individuals by

building assets and advancing self-

sufficiency.”

Job Creation

Businesses Started,

Expanded, Strengthened

Increased Individual

IncomeIncreased Assets

Higher Credit Scores

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Statewide economicdevelopment organization

501(c) 3; founded 1987

Offices in Milwaukee, Madisonand Racine/Kenosha

Local, Regional, National andInternational Partnerships

Emphasis: women, low-wealthindividuals, people of color

Wisconsin Women’s Business Initiative Corporation (WWBIC)

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Mission

Quality Business Education

Access to Fair Capital

Economic Self-Sufficiency

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ChallengesThe Next Generation of Microfinance Leaders

Need a strong commitment to education

Need to elevate pay and secure pay equity for women

Need managerial experiences

Need healthy entrepreneurship spirit

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SuccessesThe Next Generation of Microfinance Leaders

WWBIC businesses successfully growing and giving back to WWBIC

WWBIC businesses sharing their talent and time with WWBIC

WWBIC businesses speaking on behalf of the industry

WWBIC Team – our employees and their Professional Development

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You Can Make a Difference

Time

Talent

Treasure

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Thank You

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President/ CVOThe Wisconsin Women’s Business Initiative Corporation

National Member Association of Enterprise Opportunity

Opportunity Finance Network The Association of Women’s Business Centers

SBA National Advisory BoardOffice Depot Women’s Advisory Board

National Business Incubation AssociationConsumer Federation of America – America Saves

[email protected]

Wendy K. Baumann

#17MCSummit


Thank YouPlease call with any questions.

A member of the WWBIC Staff will be more than happy to assist you.

Milwaukee / West AllisPhone: 414-263-5450

South CentralPhone: 608-257-5450

SoutheastKenoshaPhone: 262-654-1234 ext. 114

RacinePhone: 262-925-2850

#17MCSummit


wendy bauman -- women in leadership at all levels

Economy & Finance

17th microcredit

womenpays

social goal

business

women

wwbic

expanded

microfinancemitwomen