The U.S. Small Enterprise Administration has up to date the record of eligible industries for federal contracting set-asides for the Ladies-Owned Small Enterprise (WOSB) Federal Contracting Program.
SBA Provides Extra Industries Eligible for Ladies-Owned Enterprise Federal Contract Program
The replace comes after a current examine analyzing trade gaps for women-owned companies revealed that women-owned companies are underrepresented or considerably underrepresented within the federal market. The up to date record will now help businesses in allocating set-asides for WOSB and economically deprived women-owned small companies (EDWOSBs) throughout extra industries,.
WOSB Program Growth
The industries being added to the record are a part of the North American Trade Classification System (NAICS), with the variety of industries eligible for the WOSB Program rising from 444 to 759. That is a rise of 70%, with the adjustments efficient instantly.
There may be now a wider vary of industries for contracting officers to supply restricted-competition contracting alternatives to SBA-certified WOSBs and EDWOSBs. These embody non permanent assist companies, dwelling well being care companies, digital pc manufacturing and air transportation help.
Reduction for America’s Ladies Entrepreneurs
The SBA Administrator Isabella Casillas Guzman mentioned: “President Biden got here into workplace with a dedication to place fairness on the coronary heart of every part we do, and advance reforms that open the doorways of alternative and prosperity for each entrepreneur.
“The pandemic disproportionately impacted girls entrepreneurs who have been challenged by early entry points to monetary reduction and disruptions in childcare, amongst different points. Due to the American Rescue Plan and actions of the Biden-Harris Administration, we now have invested billions of {dollars} in reduction to girls entrepreneurs. And we’re dedicated to doing extra. This new rule increasing the WOSB Program will assist extra girls seize doubtlessly lots of of thousands and thousands of {dollars} extra in federal procurement alternatives throughout 92% of all federal small-business contract spending.
“Small enterprise possession is a vital pathway to independence and generational wealth constructing, and this variation will assist to additional clear that path for extra girls entrepreneurs and reverse a long time of inequity, discrimination and underinvestment which have held again America’s girls entrepreneurs for a lot too lengthy.”
Methods to Apply to the WOSB Program
If eligible, the SBA’s WOSB Program permits women-owned companies to compete for federal contracting set-asides whereas nonetheless permitting them to compete for contracts below different socio-economic applications. To this point, over 4,800 women-owned small companies have been licensed by the SBA to take part within the WOSB Program.
To use for certification, first verify the eligibility necessities after which observe the on-screen directions within the WOSB part of the SBA web site.
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