Women-owned businesses make up a growing sector of the economy, and in an effort to spur even more growth, the federal government has created a program that provides women-owned businesses greater access to federal contracts. Now more than ever, it pays to be certified women-owned.
The Women-Owned Small Business Federal Contract Program began last month, and the first contracts are expected to be awarded later this year. The program allows contracting officers to set aside certain federal contracts to be awarded only to a certified Women-Owned Small Business (WOSB) or Economically Disadvantaged Women-Owned Small Business (EDWOSB).
It is part of the government’s stated goal of awarding five percent of all federal contracting dollars to WOSBs. In announcing details of the contract program, Karen Mills of the Small Business Administration said:
“As we continue to look to small business to grow, create jobs and lead America into the future, women-owned businesses will play a key role. That’s why providing them with all the tools necessary to compete for and win federal contracts is so important. Federal contracts can provide women-owned small businesses with the oxygen they need to take their business to the next level.”
Barnes Dennig has assisted companies in the certification process. For more information on the contract program and the requirements for certification, click here or contact a Barnes Dennig representative at (513) 241-8313.
For instructions on how to self-certify, visit the Small Business Administration’s website.