The Final Rule sets forth procedures authorized by the Small Business
Act to help ensure a level playing field on which WOSBs can compete for
Federal contracting opportunities, while helping achieve the existing
statutory goal that 5 percent of Federal contracting dollars go to
women-owned small businesses. Some of the components of the Women-Owned
Small Business Program include:
To be eligible, a firm must be 51 percent 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.
Based upon the analysis in a study commissioned by the SBA from the
Kauffman-RAND Foundation (referred to as the Rand Report), the proposed
rule identifies 83 industries (identified by 4 digit North American
Industry Classification System, or NAICS,
codes) in which women-owned small businesses are under-represented or
substantially under-represented. The Rand Report is available to the
public at http://www.Rand.org/pubs/technical_reports/TR442.
In accordance with the statute, the Final Rule
authorizes a set-aside of Federal contracts for WOSBs or economically
disadvantaged women-owned small businesses (EDWOSBs) where the
anticipated contract price does not exceed $5 million in the case of
manufacturing contracts and $3 million in the case of other contracts,
if certain other conditions are met.
The Final Rule removes the requirement, set forth in a prior proposed
version, that each Federal agency certify that it had engaged in
discrimination against women-owned small businesses in order for the
program to apply to contracting by that agency.
The Final Rule allows WOSBs or EDWOSBs to self-certify their status
or to be certified by third-party certifiers, including government
entities and private certification groups.
The Final Rule allows SBA to engage in program examinations to confirm eligibility of individual WOSBs or EDWOSBs.Please see the following link for further details on qualifying for and and entering the program:
Thursday, February 3, 2011
SBA New Woman-Owned Small Business Program
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).