Women-Owned Small Business Federal Contract Program
The Small Business Administration’s new ruling, effective February 4, 2011, expands access to federal contract opportunities for women owned small businesses (WOSB). Under the ruling, the federal government is required to award 5% of its prime contracting dollars to WOSBs. Over the next few months the SBA will hold a number of training and outreach events to help small businesses understand the program and its requirements. The WOSB rule in the Federal Acquisition Regulation (FAR), is now going through the final review, and is expected to be issued by April. The goal is for WOSBs and Economically Disadvantaged Women Owned Small Businesses (EDWOSBs) to be ready to compete for contracts awarded in the fourth quarter of fiscal year 2011, which is when the largest percent of small business contracts are awarded.