wanted to address that, in support of cdfi's in the city. >> we have a wealth of partners in the city. s.p.a. is just now rolling out a program for r -- will be the case by the summer. let me get one last point and on the question about relationships to lenders. the question was, do have to have an account with a bank in order to get a loan? may answer is no, but the real answer to it is certainly want to do that. one of the things we see as an important thing for you, as a small-business person to establish a relationship with a lender on a variety of levels before you look for funding. part of that is opening an account with them, letting a lender know about your business, understand your business, talk to them as you are growing your business. when the economy is strong, all lenders are shopping for transactions. in times are tough on credit, you want to rely on those deeper liberation ships with your lender. you want to develop a relationship with a lender. it is the case where you want to open up an account, while to have another bank services that you want to have a relationship with y

karen runs the s.p.a. for example reasons and i don't understand it. if it were not for s.p.a. so many women would not get loans. why? such a higher percentage of woman get loans from s.p.a. run businesses. do returns but they're turned down in disproportioned numbers. i don't know. but i think that's a smart policy thing for us to be doing. it tears down barriers for women and great for job creation. it is about being a nation at full strength and being conscience of what the barriers on. we are tearing down the discriminatory barriers, tearing down the barriers that are just that just exist at our wear. and when we're doing policy be aware where something has a disproportion nat impact. if you're cutting programs, remember that when you're looking at something like the earned income tax creditor child refundable tax credit that's going to disproportion natly hurt women who are working and struggling to stay out of poverty and to be conscious of that as you're thinking at every step line by line of the budget, where are your values, what's best for economy and in a lot of thos

and that's why through some outstanding work by karen mills of the s.p.a., we've extended more than 16,000 $14.5 billion to women who own businesses. [applause] not to mention cut taxes for small businesses 17 times so that more women have the power to create jobs and more opportunity. we're also focusing on making sure more women are prepared to fill the good jobs of today and tomorrow. over the past decade, women have earned well over half of all the higher education degrees awarred in america. but once they get out of college, we still have a lot of ground to cover. just three percent of fortune 500 businesses are women. is it possible that congress will get more done if there were more women in congress? is that fair to say, y'all? i think it's fair to say. [applause] that is almost guaranteed. and while women account for four and five degrees in areas like education which is terrific because obviously there's no profession that's more important than teaching. we also have to recognize that only two and five business degrees go to women. furrer than 1-4 computer science degrees go to w

and at the s.p.a. we give loan guarantees.t won't surprise you that we are three to five times more likely to give lones to a woman more than a conventional lender. that is wear government can have a role. we make loan guarantees and the loans perform really quite well. there's not a lot of cost. we need to make sure mainstream women -- and as i say these high growth companies have the tools that these entrepreneur woman need. i was talking to a woman who does parts and she now exports. she's been on a trade mission and she's about to sell helicopter parts in korea. and that's the kind of company we're talking about who's going to create employment. she's in philadelphia. those are real jobs here in this country. >> well, i think one of the things that women need understand and i think there's also got be a transformation in the workplace is that it is possible to work and to take care of family. if you look at the gender gap, it's much smaller than once family starts. many people believe it's a trade-off. women believe either

the sale of alcohol. is that separate from distribution of wine? >> s.p.a. -- sba makes loans to winery's, stores that sell wine. i am not exactly sure what role you play in distribution. the federal government ought -- got out of prohibiting alcohol and long time ago. we are not in the business of regulating all bohol, beverage distribution or sale. we make loans to businesses who sell alcoholic beverages, restaurants, stores. so is not an sp a prohibition. it is regulated on a local level. we have made loans to a lot of businesses that have some degree of an alcoholic beverages, one distribution. >> terrific. following up to that, can you give any advice on particular resources that would speak perhaps to any tax benefits, subsidies in place for both domestic distribution of wine, as well as exports? >> why don't we take it off line. i think what is the case, there is a lot of complexity to the incentives that were put into the jobs act for small businesses to take advantage of on expensing equipment, investments and their businesses, as far as the tax tr