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.
Continue readingTag Archives: WOSB
SBA Issues 2019 Small Business Scorecard, Small Business Contracting Over $130 Billion!
The SBA’s FY2019 Small Business Procurement Scorecard came out recently and revealed some interesting trends in the dollars and cents of small business contracting. While there are a lot of positives for small businesses, not all the numbers are great. Read on for the details!
Continue readingClean-Up on Aisle “FAR”: Joint Venture and Subcontracting Plan Rules Get Modernized
Joint ventures and small business subcontracting are two issues near and dear to the hearts of many small business federal contractors. Well, the Federal Acquisition Regulation will soon be updated with respect to both of these topics. The new rules will align with SBA’s rules and remove any inconsistencies. Let’s dive in!
Continue readingNewsflash: The Final Rule Implementing SBA Certification for WOSBs Is Here!
Update 5/14/2020: Since this post was originally published, SBA’s website has clarified when SBA Certification will be available and when Self-Certification will end. The post has been updated to reflect this information.
On Monday, the Small Business Administration will publish a Final Rule updating the certification methods for businesses applying for and participating in the Women-Owned Small Business program. The new Rule will also impose new thresholds for demonstrating economic disadvantage, impacting applicants not only for the WOSB program, but also the 8(a) Business Development program.
Continue readingThe Basics: Socioeconomic Sole Source Awards
Just last week during a Govology webinar on Women-Owned Small Businesses, one of the attendees asked an insightful question about the different standards for giving sole source awards to participants in various government programs. She wanted to know the difference between how contracting officers go about offering an 8(a) sole source award and a WOSB sole source award.
So, let’s take a look, shall we?
Continue readingThis Just In! SBA Provides Updates on WOSB Certification Changes
Last May, we reported on proposed changes to the SBA’s Women Owned Small Business Program Certification Process. Now, the SBA’s website includes updated information about what those changes may mean for existing and new WOSBs.
Continue readingHouse Passes Bill Supporting Women’s Business Centers
In a slew of recent activity, H.R.4405, the Women’s Business Centers Improvements Act of 2019, sponsored by Rep. Sharice Davids (D-KS) and Rep. Jim Hagedorn (R-MN), was one of many bills to pass the House of Representatives. Most notably, the bill doubles the available grant monies for each Women’s Business Center (“WBC”) and introduces an accreditation program for WBCs.
These components, if approved, will help WBCs better serve women-owned businesses across the nation. This post will also highlight some aspects of this already helpful resource.
Continue reading