Woman Owned Small Business (WOSB & EDWOSB)
UPDATE ON US SBA Women Owned Small Business Certification Program
On October 15, 2020, the new Women-Owned Small Business Certification regulations became effective. These regulations terminate the ability of WOSB/EDWOSBs to obtain self-certification option in the Certify system (https://certify.sba.gov) for the purposes of competing on awards within the WOSB Program applicable NAICS codes. Firms now must complete the new certification process in the beta.Certify system on (http://beta.certify.sba.gov) to compete for WOSB Program awards.
Update for Contracting Officers: The SBA WOSB Repository in the Certify system is no longer the source for WOSB Program Eligibility. As of October 15, 2020, a firm’s WOSB Program certification status can been found in Dynamic Small Business Search (DSBS) database. More information about the final rule and the WOSB Program can be found here. Contracting officers who have eligibility questions about potential awardees after checking DSBS may contact SBA WOSB Program Analysts and WOSB@sba.gov.
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The federal government’s goal is to award 5% of all federal contracts to women-owned small businesses annually. These contracts are for industries when woman-owned businesses are underrepresented.
To be eligible for the women’s contracting program, your business must:
- Be a small business
- Be at least 51% owned and controlled by women who are U.S. citizens
- Have women manage day-to-day operations and also make long-term decisions
To qualify as an economically disadvantaged business within the women’s contracting program, your business must:
- Meet all the requirements of the women’s contracting program
- Be owned and controlled by one or more women, each with a personal net worth less than $750,000
- Be owned and controlled by one or more women, each with $350,000 or less in adjusted gross income averaged over the previous three years
- Be owned and controlled by one or more women, each $6 million or less in personal assets
Learn more about Women-Owned Small Business Federal Contracting Program at www.sba.gov.
View applicable NAICs codes for the WOSB and EDWOSB programs.
For additional information on this topic, please contact our staff of experts at firstname.lastname@example.org or 414-270-3600