February 10, 2011
SBA Announces New Opportunities for
Women-Owned Small Businesses
Women Owned Businesses need certification
to compete for federal contracts
Posted by Kimberly Porrazzo
Santa Ana, CA -- February 10, 2010 -- (Wobwire.com) - On Friday, Feb. 4,
the U.S. Small Business Administration announced a new federal contracting
program for women-owned small businesses. The new Women-Owned Small
Business (WOSB) Federal Contract Program will be fully implemented over
the next several months, with the first contracts expected to be awarded by
the fourth quarter of fiscal year 2011.
To quote SBA Administrator Karen Mills: “Women-owned businesses are one
of the fastest growing sectors of the economy. As we continue to look to
small businesses 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.”
The WOSB Federal Contract Program will provide greater access to federal
contracting opportunities for WOSBs and economically-disadvantaged
women-owned small businesses (EDWOSBs). The Program allows
contracting officers, for the first time, to set aside specific contracts for
certified WOSBs and EDWOSBs. This will help federal agencies achieve the
existing statutory goal of five percent of federal contracting dollars being
awarded to WOSBs.
To qualify as a WOSB, a firm must be at least fifty-one percent owned and
controlled by one or more women, and primarily managed by one or more
women. The women must be U.S. citizens and the firm must be considered
small according to SBA size standards. To be deemed “economically
disadvantaged”, a firm’s owners must meet specific financial requirements
set forth in the program regulations.
The WOSB Program identifies eighty-three four-digit North American Industry
Classification Systems (NAICS) codes where WOSBs are underrepresented
or substantially underrepresented. Contracting officers may set aside
contracts in these industries if the contract can be awarded at a fair and
reasonable price, the contracting officer has a reasonable expectation that
two or more WOSBs or EDWOSBs will submit offers for the contract and the
anticipated contract amount is not greater than $5 million for manufacturing
contracts or $3 million for other contracts.
The SBA has instructions at www.sba.gov/wosb on how to participate in the
program. SBA is encouraging small business owners to review program
requirements and ensure their required documents are uploaded to the
repository. WOSBs need to update their status in the Central Contractor
Registration (CCR) and the Online Representation and Certification
Application (ORCA) to indicate to contracting officers that they are eligible to
participate.
Every firm that wishes to participate in the WOSB program must meet the
eligibility requirements and either self-certify or obtain third party
certification. At this time, SBA has not approved any third party certifiers.
Regardless of their certification method, WOSBs must upload required
documents proving their eligibility to a secure online data repository
developed and maintained by SBA.
Succession Strategies, Inc. is now offering two new services to assist women
business owners in their pursuit of government contracts under these
regulations.
1. Assist with the preparation of the necessary documentation to submit an
application for Women Owned Business certification. This process includes
validating your ownership and management of your enterprise.
2. Government Contracting Assessment, which will focus on:
a. Review CCR registrations and provide corrections or
expansion as needed
b. Validate current NAICS codes for WOSB set aside program
c. Identify Federal Agencies currently using matching NAICS codes for
short and long term contracts
d. Provide contact information for Small Business Ombudsman in
each applicable agency
e. Compare website to NAICS criteria for government contracting
f. Outline the opportunities and action steps specific to your
companies capabilities
This is a new opportunity which many women owners of small businesses will
want to take advantage of. To see if you qualify, contact Rachel Owens at
714-560-9022 or rachel@succession-strategies.com. Visit www.succession-
strategies.com for more information.
Media contact - Rachel Owens
Succession Strategies
rachel@succession-strategies.com
714-560-9022
SBA Announces New Opportunities for
Women-Owned Small Businesses
Women Owned Businesses need certification
to compete for federal contracts
Posted by Kimberly Porrazzo
Santa Ana, CA -- February 10, 2010 -- (Wobwire.com) - On Friday, Feb. 4,
the U.S. Small Business Administration announced a new federal contracting
program for women-owned small businesses. The new Women-Owned Small
Business (WOSB) Federal Contract Program will be fully implemented over
the next several months, with the first contracts expected to be awarded by
the fourth quarter of fiscal year 2011.
To quote SBA Administrator Karen Mills: “Women-owned businesses are one
of the fastest growing sectors of the economy. As we continue to look to
small businesses 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.”
The WOSB Federal Contract Program will provide greater access to federal
contracting opportunities for WOSBs and economically-disadvantaged
women-owned small businesses (EDWOSBs). The Program allows
contracting officers, for the first time, to set aside specific contracts for
certified WOSBs and EDWOSBs. This will help federal agencies achieve the
existing statutory goal of five percent of federal contracting dollars being
awarded to WOSBs.
To qualify as a WOSB, a firm must be at least fifty-one percent owned and
controlled by one or more women, and primarily managed by one or more
women. The women must be U.S. citizens and the firm must be considered
small according to SBA size standards. To be deemed “economically
disadvantaged”, a firm’s owners must meet specific financial requirements
set forth in the program regulations.
The WOSB Program identifies eighty-three four-digit North American Industry
Classification Systems (NAICS) codes where WOSBs are underrepresented
or substantially underrepresented. Contracting officers may set aside
contracts in these industries if the contract can be awarded at a fair and
reasonable price, the contracting officer has a reasonable expectation that
two or more WOSBs or EDWOSBs will submit offers for the contract and the
anticipated contract amount is not greater than $5 million for manufacturing
contracts or $3 million for other contracts.
The SBA has instructions at www.sba.gov/wosb on how to participate in the
program. SBA is encouraging small business owners to review program
requirements and ensure their required documents are uploaded to the
repository. WOSBs need to update their status in the Central Contractor
Registration (CCR) and the Online Representation and Certification
Application (ORCA) to indicate to contracting officers that they are eligible to
participate.
Every firm that wishes to participate in the WOSB program must meet the
eligibility requirements and either self-certify or obtain third party
certification. At this time, SBA has not approved any third party certifiers.
Regardless of their certification method, WOSBs must upload required
documents proving their eligibility to a secure online data repository
developed and maintained by SBA.
Succession Strategies, Inc. is now offering two new services to assist women
business owners in their pursuit of government contracts under these
regulations.
1. Assist with the preparation of the necessary documentation to submit an
application for Women Owned Business certification. This process includes
validating your ownership and management of your enterprise.
2. Government Contracting Assessment, which will focus on:
a. Review CCR registrations and provide corrections or
expansion as needed
b. Validate current NAICS codes for WOSB set aside program
c. Identify Federal Agencies currently using matching NAICS codes for
short and long term contracts
d. Provide contact information for Small Business Ombudsman in
each applicable agency
e. Compare website to NAICS criteria for government contracting
f. Outline the opportunities and action steps specific to your
companies capabilities
This is a new opportunity which many women owners of small businesses will
want to take advantage of. To see if you qualify, contact Rachel Owens at
714-560-9022 or rachel@succession-strategies.com. Visit www.succession-
strategies.com for more information.
Media contact - Rachel Owens
Succession Strategies
rachel@succession-strategies.com
714-560-9022
The newswire for women-owned business
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