SBA WOSB and EDWOSB Programs – Set-Aside Government Contracts
If you are 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). Made effective in 2011, this is one of the many set-aside programs for small businesses created by the SBA. 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 they meet the eligibility requirements.
In addition, the SBA has 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 spend 5% of its contracting dollars each year to small businesses that are owned by women. As an 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.
Small Business Certifications – Build Your Business
Call Nancy at Sage Business today for a complimentary conversation on how small business certifications can help your business grow.