PLATINUM2023

Womens Business Development Center

Ignites Business Growth

aka WBDC   |   Chicago, IL   |  www.wbdc.org

Mission

The Women's Business Development Center, WBDC, mission is to support and accelerate business development and growth, targeting women and serving other underserved communities to strengthen their participation in and impact on the economy.

Ruling year info

1987

President & CEO

Ms. Emilia DiMenco

Main address

8 S Michigan Ave 4th Floor

Chicago, IL 60603 USA

Show more contact info

EIN

36-3488628

NTEE code info

Management Services for Small Business/Entrepreneurs (S43)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Elevate!

The Elevate! cohort is available to established licensed home providers and childcare center providers. It guides participants through a step-by-step process to develop a business and marketing plan, learn operational policies and procedures, and implement sound methods for managing their childcare business financials. While owners are in the cohort, they also receive one-on-one advising assistance on operations, financials, and opportunities to increase revenue.

Population(s) Served

Delivered through the Illinois Small Business Development Center at WBDC, Plan for Profit offers a comprehensive training program for startup or emerging entrepreneurs learning to work on their businesses. Participants outline a business concept, determine market needs, identify target markets, develop marketing strategies, and learn the language of business.

Population(s) Served

The Expanding Minority Business Access (EMBA) program is delivered in partnership with the Chicago Minority Supplier Development Council and four community-based Business Service Organizations operating in the South and West sides of Chicago. EMBA promotes awareness and educates minority business owners on about profitable private and public sector contracting and procurement opportunities and assists those that are interested in navigating the landscape These opportunities offer a pathway to long-term small business recovery and ongoing sustainability.

Population(s) Served

The award-winning ScaleUp program assists established businesses experiencing no or slow growth patterns and sustainability issues. The ScaleUp team equips entrepreneurs with the business acumen, resources, and tools necessary to maintain a profitable business with comprehensive business development services. As entrepreneurs scale their businesses, they retain and create jobs, fuel economic growth, and build strong communities.

Each week, the class works on a different side of the business. Participants learn about marketing, branding, and mission, creating a 30-Second Pitch. On the financial side, they learn about financial statements, break-even pricing, and key performance indicators. Finally, participants learn about certification and select the right certification and contract opportunities. Business owners receive group advising, one-on-one mentoring, plus business sustainability and growth planning assistance.

Population(s) Served

Presented by the Illinois Procurement Technical Assistance Center (PTAC) at the WBDC, GovCon helps established small business owners navigate and access federal government contracting opportunities. Designed for business owners new to government procurement, participants create a business capability statement, prepare a mock proposal, and learn to network with government agencies. The GovCon program helps small business owners scale their businesses and diversify their revenues. Each session covers basic sequential steps of doing business with government entities, including diverse certification and vendor registration with the City of Chicago, Cook County, and the State of Illinois. Participants also learn about Federal government vendor registration with SAM.gov.

Population(s) Served

Top Shelf helps established businesses access procurement opportunities in the mass retail market, assisting diverse business owners in scaling their products for national Big Box retailers. The cohort session features educational training from subject matter experts and a hands-on learning experience. Increase contract wins in the retail industry, gain insights from industry professionals, learn from peers. In addition, participants will develop a proposal toolkit, including Capabilities Statement, Proposal Content, pitch presentation skills training, introductory emails, and a business matchmaking follow-up.

Population(s) Served

The ScaleHigher cohort is a vital innovation resource for business owners looking to mitigate risk, increase competitive advantage, drive growth, and ensure sustainability. Each week, participants learn about innovative tools and methodologies uniquely adapted to transform their business to scale higher, faster, and more profitably. In addition, participants learn how to build innovation into their business model.

Participants learn about the benefits of cultivating a growth mindset which is the foundation of entrepreneurial success. ScaleHigher offers a structured approach for identifying, evaluating, and prioritizing market opportunities. When small business owners can systematically test business ideas, they can reduce risk and increase their chances of success. This cohort also includes a technology evaluation to inform decision-making. Peer-to-peer cohort learning connects a community of business owners and creates a supportive space to grow.

Population(s) Served

The RiseUp cohort was explicitly designed for startup childcare businesses. Weekly topics range from SWOT analysis to operational efficiencies and recovery methods. In addition to this group learning, clients attend one-on-one advising sessions to discuss their business plans and financials. Strategic one-on-one advising helps owners manage their businesses and become more efficient, so repeat advising sessions are vital.

Population(s) Served

CityCon is offered by the Illinois Procurement Technical Assistance Center (PTAC) at WBDC. It is designed for businesses certified by the City of Chicago as a Women Business Enterprise or Minority Business Enterprise interested in pursuing contract opportunities. The program provides proposal writing technical assistance to City of Chicago Prime and Sub-contractors responding to a Bid or No-Bid Request. Participants gain valuable feedback on their proposals and the submission process. The WBDC team also shares details on compliance and contracts. Throughout the cohort, participants also receive one-on-one advising, so they discuss their specific goals and challenges.

Population(s) Served

Capital is critical for businesses of all sizes in all industries. The WBDC Access to Capital team can help you find the right capital at the right time from the right source. The Team delivers strategic financial guidance, capital preparation services, and direct lending options.

Direct Lending Program | Capital can be challenging if your business is too new (less than two years) or your loan amount is too small (less than $50,000). The WBDC provides loans to small business owners who cannot get a loan from a bank. Loans are available to small businesses in Northeast Illinois with less than $1,000,000 in annual revenue.

Kiva Lending | Kiva is the first rung on the capital ladder. Social lending through Kiva is a great option if you have a very small business, with 0% interest and 0% fees for loans ranging from $1,000 to $15,000. Kiva is an excellent way to grow your business while creating opportunities for other owners.

Population(s) Served

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of jobs created and maintained

This metric is no longer tracked.
Totals By Year
Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The WBDC envisions a world where all business owners have an equitable opportunity to compete and succeed in the marketplace and achieve economic independence. We work towards this goal by delivering programs and services designed to achieve sustained economic outcomes by dismantling the biases, barriers, and systems that have created and maintained an uneven playing field and have prevented the full participation of diverse entrepreneurs in our economy. Programs and services are community-based, culturally aware, and customized to align with business stage, economic conditions, client needs, and community served.

The WBDC envisions a world where all business owners have an equitable opportunity to compete and succeed in the marketplace and achieve economic independence. We work towards this goal by delivering programs and services designed to achieve sustained economic outcomes by dismantling the biases, barriers, and systems that have created and maintained an uneven playing field and have prevented the full participation of diverse entrepreneurs in our economy. Programs and services are community-based, culturally aware, and customized to align with business stage, economic conditions, client needs, and community served.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

  • Which of the following feedback practices does your organization routinely carry out?

  • What challenges does the organization face when collecting feedback?

Financials

Womens Business Development Center
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Access beautifully interactive analysis and comparison tools
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lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Womens Business Development Center

Board of directors
as of 05/24/2023
SOURCE: Self-reported by organization
Board chair

Ms. Sandra Rand

Retired Director of Supplier Diversity, United Airlines Inc.

Laurel G. Bellows

The Bellows Group P.C

Beth Keiffer Leonard

Eisner Advisory Group LLC

Michelle Blaise

ComEd

Alison Chung

TeamWerks

Risa R. Davis

United Way of Metropolitan Chicago

Emilia DiMenco

Women's Business Development Center

Carol Dougal

Women's Business Development Center

Hedy Ratner

Women's Business Development Center

Amy Yuhn

CIBC

Renee Sang

Accenture

Jennifer Schlott-Rouzan

BMO Harris

Arabel Alva-Rosales

AAR & Associates

Cassandra Sanford

Kelly Mitchell Group

Jennifer Mariani

Bank of America

Michelle Kantor

McDonald Hopkins

Mary Houpt

Peoples Gas & North Shore Gas/WEC Energy

Linda Chaplik-Harris

Dentons US LLP

Patty Greene

Southwest Airlines

Megan Everett

Robert R. McCormick Foundation

Linda Boasmond

Cedar Concepts Corporation

Eva Brown

US Bank

Debra Jennings Johnson

BP America

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 9/28/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female

Race & ethnicity

Gender identity

 

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 09/23/2022

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.