U.S. Small Business Administration awards Grant to CPLC

The U.S. small business administration has awarded grants to support the launch of 20 new women’s business centers across the county, including Chicanos Por La Causa in Phoenix. As a result, this expansion marks the single largest of WBC’s across the country in its 30-year tenure. Teresa Miranda is Vice President of Prestamos CDFI, a division of Chicanos Por La Causa. She spoke with Horizonte host Jose Cardenas about the effort.

Prestamos CDFI, a division of CPLC, will oversee the CPLC Women’s Business Center (CPLC WBC). It’s expected to serve over 1,000 aspiring and established female entrepreneurs in the metro Phoenix area, rural, and other underserved communities every year. For instance, they will offer one-on-one counseling, training, workshops, and technical assistance. CPLC WBC hopes to empower women entrepreneurs and arm them with the resources they need to overcome the obstacles presented by the pandemic and business world.

“Small businesses are the economic engine of our economy and their social impact on our communities is profound. The CPLC WBC recognizes that women entrepreneurs face unique barriers to starting and operating small businesses and accessing capital. It is vital that we create a space where minority, female, and entrepreneurs in underserved communities can access not only quality financial and business education, but also be provided with the opportunity to access capital to help these businesses thrive,” said Teresa Miranda, Vice President of Prestamos CDFI.