Women-Owned Small Business (WOSB)
On October 7, 2010, the U.S. Small Business Administration published a final rule effective February 4, 2011, aimed at expanding federal contracting opportunities for women-owned small businesses (WOSBs). The Women-Owned Small Business (WOSB) Federal Contract program authorizes contracting officers to set aside certain federal contracts for eligible:
- Women-owned small businesses (WOSBs) or
- Economically disadvantaged women-owned small businesses (EDWOSBs)
To be eligible, a firm must be at least 51% owned and controlled by one or more women, and primarily managed by one or more women. The women must be U.S. citizens. The firm must be “small” in its primary industry in accordance with SBA’s size standards for that industry. In order for a WOSB to be deemed “economically disadvantaged,” its owners must demonstrate economic disadvantage in accordance with the requirements set forth in the final rule.
For certification application information and instructions, visit the SBA’s WOSB webpage:
https://www.sba.gov/contracting/government-contracting-programs/women-owned-small-businesses or https://wosb.certify.sba.gov/
For an additional resource check out the ChallengeHER Program: https://virginiaptac.org/useful-link/challengeher-program/