A company learned the hard way that just because their business is majority owned by a woman, it doesn’t mean they are a Women-Owned Small Business (WOSB) in the eyes of the SBA. The question is one of both ownership and control.
The DoD has issued a new class deviation, effective immediately, which implements the SBA’s requirement that women-owned small businesses be formally certified to receive WOSB set-aside contracts. The class deviation contains a “priority review” procedure to allow companies with pending WOSB or EDWOSB certification applications to be considered for award.
There have been a few changes recently to the WOSB and EDWOSB certification process–so now is as good a time as any to walk through the requirements for EDWOSB (or Economically-Disadvantaged Woman-Owned Small Business) status. In this video, I provide an overview of the benefits of and requirements for EDWOSB status:
If you have questions, we are happy to help! You can reach us here.
With changes coming next week to the WOSB program certification process for women-owned small businesses (which we have discussed recently here and here), we thought we’d take a step back to look at the basics of program benefits and eligibility requirements. In this video, I lay out the reasons why women-owned businesses should consider participating in the program and discuss the three primary eligibility requirements:
Need assistance determining whether you’re eligible? Call us!