SBA Adds More Sectors Eligible For Federally Owned Women Contract Program

The United States Small Business Administration has updated the list of sectors eligible for federal contract set-aside for the Women-Owned Small Business (WOSB) Federal Contracting Program.

SBA Adds More Sectors Eligible For Federally Owned Women Contract Program

The update comes after a recent survey of industry gaps for women-owned companies found that women-owned companies are underrepresented or substantially underrepresented in the federal market. The updated list will now support agencies in allocating set-aside for WOSB and economically disadvantaged women-owned small businesses (EDWOSBs) across more sectors.

WOSB program extension

The industries added to the list are part of the North American Industry Classification System (NAICS), with the number of industries eligible for the WOSB program increasing from 444 to 759. That’s a 70% increase, with the changes taking effect immediately.

There is now a much wider range of industries for contracting officers to provide limited competition contract opportunities to SBA certified WOSBs and EDWOSBs. These include temporary emergency services, home health care, electronic computer manufacturing and air support.

Help for American Women Entrepreneurs

SBA Administrator Isabella Casillas Guzman said: “President Biden has taken office with a pledge to put equality at the heart of everything we do and to implement reforms that open the doors of opportunity and prosperity to every entrepreneur.

“The pandemic had a disproportionate impact on female entrepreneurs who were challenged, among other things, by difficulties with early access to financial aid and disruptions in childcare. Thanks to the American Rescue Plan and actions of the Biden-Harris Administration, we have invested billions of dollars in helping women entrepreneurs. And we are determined to do more. This new rule expanding the WOSB program will help more women seize potentially hundreds of millions of dollars more in federal procurement opportunities for 92% of all federal small business contract spending.

“Owning a small business is an important path to independence and wealth-building through generations, and this change will help pave that path for more female entrepreneurs and reverse decades of inequality, discrimination and underinvestment that have left women behind. entrepreneurs in America for far too long. †

How to Apply for the WOSB Program?

If eligible, the SBA’s WOSB program allows women’s companies to compete for federal set-aside while still competing for contracts under other socioeconomic programs. To date, more than 4,800 women-owned small businesses have been certified by the SBA to participate in the WOSB program.

To apply for certification, first check the eligibility requirements and follow the on-screen instructions in the WOSB section of the SBA website.

Image: Depositphotos

More in: Female Entrepreneurs
This post SBA Adds More Sectors Eligible For Federally Owned Women Contract Program was original published at “https://smallbiztrends.com/2022/04/sba-women-owned-business-federal-contract-program.html”

Leave a Reply

Your email address will not be published.