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Women's Small Business Ownership Act of 2015
(Sec. 3) This bill amends the Small Business Act to direct the Small Business Administration (SBA) Office of Women's Business Ownership to address issues concerning specified disciplines required for starting, operating, and increasing a small business.
The Office must work with SBA officials and collaborate with non-SBA entities to ensure that the work of the women's business center program:
The mission of the Office shall be to assist women entrepreneurs in starting, growing, and competing in global markets by providing quality support with access to capital, access to markets, job creation, growth, counseling, and training in a specified manner.
The SBA must:
(Sec. 4) "Women's business center" shall mean a project conducted by any of the following eligible entities:
The SBA may award:
The bill prescribes further requirements for applications for initial financial assistance (and for renewal grants) as well as selection criteria, including a requirement that an applicant's principal place of business be more than 50 miles from a women's business center's principal place of business unless specified criteria are met.
The bill authorizes appropriations for FY2017-FY2020.
(Sec. 5) The SBA, upon request by an eligible entity, may waive for a fiscal year (but no more than two consecutive fiscal years) the requirement to obtain matching non-federal funds for the entity's technical assistance and counseling activities carried out using financial assistance under the program. The bill specifies considerations to be taken in determining whether to grant such a waiver.
An eligible entity may:
The amount of non-federal dollars obtained by an eligible entity above the amount it is required to obtain, and not used as matching funds to implement the women's business center program, shall not be subject to uniform administrative requirements, cost principles, and audit requirements for federal awards.
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