SBA WOSB and EDWOSB Programs: Set-Aside Government Contracts
If you’re a female business owner looking to increase access to federal government contracts, we recommend the Woman-Owned Small Business (WOSB) program.
The WOSB program is a relatively new initiative set by the Small Business Administration (SBA). Put into effect in 2011 and revised in 2020, this program authorizes Contract Officers (COs) — those who bind the Federal Government to contracts — to set aside certain contracts for those who are eligible. Once certified, you can participate in the program indefinitely, as long as your business continues to meet the eligibility requirements.
In addition, the SBA created the Economically Disadvantaged Woman Owned Small Business (EDWOSB) program for those who can prove economic disadvantage. Those in the EDWOSB program are considered WOSBs; therefore, they can compete for both EDWOSB and WOSB opportunities.
What Are the Benefits of the WOSB Program?
The federal government is required to reserve 5% of its contracting dollars each year for small businesses owned by women. As a WOSB, you are eligible for set-asides with no restrictions on dollar amounts. WOSBs are also able to participate in joint ventures under certain conditions.
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