Business section

Creating Women-Owned Small Businesses in NMI | Business Section

(NMC) — As part of its efforts to build the entrepreneurial capacity of Commonwealth women, the CNMI Small Business Development Center and the CNMI Women’s Association recently partnered to deliver a five-week training course to 20 female entrepreneurs.

The women were able to learn about the programs and services of the CNMI SBDC network. In addition, participants learned the importance of having a business plan and how to create one.

Participants also learned about the financial aspects of starting or expanding a business. Funding opportunities were presented by Marie Coleman of the Commonwealth Economic Development Authority, Jesus Taisague of the Department of Commerce, and Vicente Agulto and Charmaine Hofschneider of the Bank of Guam.

New business owners were introduced to marketing strategies and current business owners learned about expanding their reach through social media marketing. Valentina Rivera of Local Goodys shared her company’s goal of creating a space for CNMI businesses to showcase and sell their products and services through her online website.

Guest speakers Jill Arenovski from Saipan Snaps and Yeldez Javier from Kiara’s Gift Shop & Garden shared their experiences in opening and expanding their business in CNMI to attendees.

During the final week of the program, participants came together to share their company’s products and services as well as reflect on the successes of the program.

Kimberly Camacho, an aspiring business owner who completed the program, said it was an amazing learning experience.

“Working alongside brave women is definitely empowering,” Camacho said.

“The materials and presentations were extremely beneficial to the process and purpose of business planning. Coming into the project, I had little to no experience on how to start and run a business, but after completing the project, I feel confident enough to one day start owning my own business!

The CNMI SBDC network and the CWA thank all the guests, partners and participants for their contribution to the success of the program.

To sign up for free individual counseling, sign up at, email [email protected], or call (670) 237-6888.