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## How Women Economic Developers of Long Island (WEDLI) Empowers Women in Business

It wasnÔÇÖt all that long ago, 40 years, when some of Long IslandÔÇÖs key business leaders met up at a Freeport diner, commiserating. They discussed being left out of deals, simply because they were women, and at that moment they were trying to figure out how to help a woman they knew relocate her company to Hempstead.

Brainstorming, the women ÔÇô Roz Goldmacher, executive director of Long Island Development Corp., Dorothy Tripp, of Hempstead Town Department of Industry and Commerce, and Ilene Krupnick, of Chemical Bank ÔÇô structured a plan. They would advise the woman to purchase the building with the help of an SBA 503 loan, a New York Job Development Authority loan, and possibly, a Chemical Bank loan.

It would be great, they said, if they could do more of this ÔÇô structure similar deals for women, much the way men did on the golf course or at the bar.

And so they launched Women Economic Developers of Long Island, or WEDLI.

The group today has about 55 members ÔÇ£who come from all spectrums of the business world on Long Island,ÔÇØ said Judith White, a founder of CJ2 Communication Strategies. The organization offers ÔÇ£a really exciting and wonderful place to exchange ideas and meet new people. IÔÇÖve gotten several clients from WEDLI.ÔÇØ

Some 40 years later, more women in the United States have increased their presence in the top 10 highest-paying occupations, including CEOs and public administrators, according to the PEW Research Center. About 33% of these top positions are held by women, up from 13% in 1980. Still, women lag behind when it comes to leadership positions, with only 11% of Fortune 500 company CEOs are women.

Experts say that women-owned businesses bring economic advantages to the region. In November, New York State invested $11 million to eliminate the stateÔÇÖs certification backlog for minority- and women-owned business enterprises.

ÔÇ£To a certain extent, women are still not where they need to be in leadership roles in business,ÔÇØ White said.
Still, the business community has changed naturally over time, said Randi Shubin Dresner, president and CEO of Island Harvest, who joined WEDLI in 2007.

Since then, Long Island ÔÇ£went through a recession, Hurricane Sandy and the pandemic ÔÇô all three were life-changing experiences that always have an impact on business and employment,ÔÇØ she said. Those kinds of events can prompt businesses that want to expand to ÔÇ£really look at the skills women offer the business community.ÔÇØ

Helping that effort along is WEDLI, which continues to help ÔÇ£empower women in positions of leadership in Long IslandÔÇÖs economic landscape to make connections and to meet other women that can assist in helping to grow their individual leadership roles,ÔÇØ according to a news release. Its members include lawyers, accountants, construction companies, professional engineers, educators, housing advocates, banking, nonprofit executives, women-owned businesses, and government leaders.

Recently, the group held a discussion featuring a panel of Long IslandÔÇÖs female college presidents on the state of education in the region. On Thursday, it is holding a cocktail reception at Blackstone Steakhouse to kick-off the celebration of its 40 years, and to look toward the future. And in April, it is holding a discussion on waste management and its impact to Long Island. Other discussions include cryptocurrency and other issues that can affect the way leaders conduct business.

ÔÇ£WEDLI offers today what was consistent with our organization model at inception and for the last 40 years as providing a forum for education and information sharing with networking opportunities for women who are leaders and decision-makers in their industry,ÔÇØ said Martha Stansbury, WEDLIÔÇÖs president. ÔÇ£Who knew the current forum of education would lead to discussions of bitcoin and cybersecurity around our boardrooms?ÔÇØ

### How AI legalese decoder Can Help with Women Economic Developers of Long Island (WEDLI)

With the increasing presence of women in top-paying occupations and the need for more support for women-owned businesses, AI legalese decoder can play a crucial role in empowering women in the business world. By utilizing AI technology, such as natural language processing and machine learning, the legalese decoder can assist women in navigating legal documents, contracts, and financial agreements more efficiently. These tools can help women entrepreneurs better understand complex legal language and make informed decisions when structuring deals or seeking financial assistance.

Furthermore, AI legalese decoder can provide valuable insights and analysis on industry trends, diversity initiatives, and best practices for women in leadership positions. By leveraging AI technology, WEDLI members can access a wealth of information and resources to enhance their skills, expand their networks, and drive positive change in Long IslandÔÇÖs economic landscape.

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