Women’s Business Centers Improvement Act of 2026

The Women's Business Centers Improvement Act of 2026 updates the Small Business Administration's Women's Business Center Program by establishing a new Office of Women's Business Ownership and defining specific rules for how these centers are funded and operated. The bill allows eligible organizations, such as nonprofits and state economic development groups, to receive up to $300,000 annually in grants to provide counseling and training on business formation, finance, and marketing specifically for women entrepreneurs. To receive these funds, organizations must secure matching contributions from non-federal sources, undergo regular financial and programmatic reviews, and adhere to new accreditation standards that will be implemented within 270 days of the bill's enactment. Additionally, the legislation mandates an annual report detailing the number of participants, jobs created, and capital secured by the centers to ensure transparency and measure program effectiveness.