Irvine, California based, FORTIS Resource Partners, Inc. is among the nearly three out of four women-owned businesses nationally that support charitable causes with company revenue

Irvine, California – FORTIS Resource Partners, Inc. is among the many women-owned businesses that give back to their community through their companies. FORTIS Resource Partners, Inc. participated in the first annual national survey of female entrepreneurs conducted by Newport Beach, CA-based Wobwire.com, the newswire for women-owned business. Among the survey findings: nearly three out of four companies that are majority-owned by women dedicate a portion of their revenue to organizations and charities that are close to their hearts, many sharing their profits with more than one charity or group. The greatest beneficiaries of the success of female entrepreneurs are nonprofits that support women, children and families.

“Giving back is such an important part of our organizational culture.  We support people every day as they consider their career transitions.  In keeping with our company values I wanted to support Big Brothers Big Sisters, Orange County, so that we might help a child reach their full potential through the valuable services offered by this organization, says Kira Bruno, Founder of Fortis Resource Partners, Inc. “Last year we not only supported them financially, but our colleagues volunteered their time as a Big for a Day.”

Wobwire.com queried more than 140 female entrepreneurs from all parts of the country on a number of issues related to their women-owned businesses, including their philanthropic strategies. The online survey was open from November 15 through December 31, 2010. In addition, the survey asked respondents how they funded their businesses, how many people they currently employ, what they need to take their businesses to the next level, etc.  Those participating in the survey own businesses ranging from startups to multi-million-dollar companies.

When asked if they support a charitable cause through their business 71.4% said yes. While they support a wide range of organizations, most reported sharing their profits with organizations that support disadvantaged children and families.
Continue reading Irvine, California based, FORTIS Resource Partners, Inc. is among the nearly three out of four women-owned businesses nationally that support charitable causes with company revenue

What do you think of the Small Business Jobs and Credit Act?

This is a guest post from Kimberly A. Porrazzo at Wobwire. Be sure to check out this great site for Women Owned Business.  

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Earlier this week President Barack Obama signed into law the Small Business Jobs and Credit Act 2010 (H.R. 5297). The bill aims to boost small business – the sector most agree is the economic engine of this country – by providing incentives and tax credits. Good news for most small businesses, although some say the bill is just another hit to our already strained budget.

Whatever your position, the new legislation has some hard-to-ignore benefits. They include:

– $30 billion in funds that will be funneled to community banks to lend to small business, thus easing the credit crunch

– Higher loan limits for SBA loans and loan fee waivers

– 100% capital gains tax exclusions for those investors that fund small business ventures

– Double the allowable deduction for startup expenses, from $5K to $10K

– Allows self-employed individuals to deduct their own health insurance costs

It’s time to get your tax accountant involved because there are more technical tax incentives than this blogger can adequately explain (or understand!).

So, what do women business owner think? How will this impact their businesses?

Kira Bruno, president, Fortis Resource Partners


Kira Bruno says that the type of business you run will determine if you will benefit from the the legislation.

“There is not much in this Act for me as a small business owner of an employee intensive business,” says Bruno. ” Companies that are more asset intensive will have a greater benefit from this new tax law. The cell phone is a small benefit, but most people have been disregarding the listed property rules anyway. The new equipment, etc. rules will help companies that buy assets to grow their businesses.

On another note, and something that is not part of the new federal law, my company gains the greatest benefit from hiring individuals that have been out of work more than 6 months; we get a new employee tax credit on the federal side and if we have net greater wages as a result of new employees on our total payroll over prior year we gain a tax credit on the state side.”

Cathy Daugherty, owner, Trademark Insurance


Cathy Daugherty suggests those that are impressed with the increase in SBA loan limits should check the latest statistic about the amount of SBA money NOT taken currently because of the strict bank regulations. She calls this ” … a frequent PR opportunity” by the Feds to raise the amount offered to the SBA. ” It really does not matter,” she says.

Second, Daugherty stresses that while credit may be easier to obtain, “I still need to consider paying it back with current business volume (which is) very unstable.”

If you’re a woman business owner, what are your thoughts?