Women-Owned Small Businesses (WOSB) and Economically Disadvantaged Women-Owned Small Businesses (EDWOSB) can be eligible for set asides. Set-asides even the playing field for small businesses. Get your documents together and find out what it takes to qualify on this episode of The Government Buys... a Podcast.
Being set-up as a Woman Owned Small Business (WOSB) and/or a Economically-Disadvantaged Owned Small Business (EDWOSB) can help your business win more government contracts. USFCR provides a streamlined process to make sure this process happens error-free and compliantly.
In the federal marketplace, there are loads of opportunities across every industry imaginable. You don’t know what you’ll just find or what you will even be working on. That’s because there are plenty of businesses who will jump on opportunities that are outside of their own industries. From an outside perspective, this may sound impractical or even impossible, but it’s more common than one would think. One recent example of a business finding success in the federal marketplace by reaching out of their normal spectrum of work is Near Me, L.L.C.
March 8, 2019 marks the 109th annual observance of International Women’s Day (IWD). On top of that, March is also recognized in the U.S. as Women’s History Month. So in the spirit of IWD and Women's History Month, let's talk about the various certifications and resources that are exclusively available for female entrepreneurs. Mainly, we'll be talking about the Woman-Owned Business Certification and the Woman-Owned Small Business Set-Aside.
As a government contractor (or prospective one), you’ve probably seen the term “economically
disadvantaged” pop-up here and there. Mainly, you’re going to see it when it pertains to 8(a) Business Development Program and the Economically Disadvantaged Women Owned Small Business (EDWOSB) set-aside. Both of these programs, if you are qualified, can provide you a wide array of opportunities in the federal marketplace.
So in this blog post, we’re going to cover what it means to economically disadvantaged as well as socially disadvantaged
Let’s get to it.
US Federal Contractor Registration client Dump It Services, LLC received in November a $480 contract from the U.S. Forestry Service to provide 16 tons of FLBC for the Francis Marion National Forest. The company hauled the FLBC – which is a type of rock – to rural roads in the National Forest, which is prepping additional roads for FLBC deliveries.
Nearly three decades after the passage of The Women’s Business Ownership Act (H.R. 5050, there are 10 million women-owned businesses in the U.S., according to Carla A. Harris, chair of the National Women’s Business Council.
U.S. Census Bureau: Women-owned businesses up 27.5 percent between 2007 and 2012
Do you know what the terms “set-aside” and “simplified acquisition” means in terms of government contracting? If you don’t, you’re not alone. Many of our clients see these terms in solicitations and ask us to better explain what the terms mean and if their company even qualifies.
Federal agencies may award sole source contracts to Women-Owned Small Businesses (WOSBs) and to Economically Disadvantaged Women-Owned Small Businesses (EDWOSBs), according to a final rule published by the U.S. Small Business Administration last week.
The United States Department of Transportation (DOT) has created a certification program that focuses on economically disadvantaged businesses and minority business enterprises. The name of the program is called the Disadvantaged Business Enterprise (DBE) Certification Program. Businesses must be 51% owned and controlled by an economically and socially disadvantaged individual. The DBE program provides more exposure to government contracting opportunities to small businesses. Once a business is certified in the DBE program businesses are added to a state database managed by the TDOT that is called the Certified Disadvantaged Business Enterprise Listing. Agency officials can then reference this database when seeking out DBE certified businesses. The DOT has spent over $6 billion on government contracts for the past four years. The DBE Program proves to be an excellent program for small businesses interested in winning government contracts on a state/federal level. Businesses must be registered in System for Award Management (SAM) before being awarded government contracts.
Woman Owned Small Business contracts are extremely lucrative and have proven time and time again to help businesses who are new to government contracting. US Federal Contractor Registration has helped woman owned small businesses win these types of federal set-aside contracts for years. US Federal Contractor Registration has tracked down the top 5 woman owned small business government contracts in the state of Florida and they are as follows:
President Obama signed into effect the National Defense Authorization Act of 2013, which now provides limitless contracting dollars to women-owned small businesses (WOSB) and economically disadvantaged women-owned businesses (EDWOSB). The original policy previously capped WOSB and EDWOSB manufacturing contracts at $6.5 million dollars and all other types of contracts at $4 million dollars. This new law now allows unlimited contracting funds to businesses registered in System for Award Management (SAM) as WOSBs and EDWOSBs. The United States Federal Government has mandated a government-wide goal that awards 5% of all federal contracting dollars to woman-owned small businesses (WOSB). This law was placed in the 2,200 plus page manual called the Federal Acquisition Regulations (FAR) in an effort to set-aside awards for woman-owned small businesses. This 5% goal has not yet been reached in the 12 years that it has been active. Hence, the need to motivate more WOSBs to register for government contracts.
In order to be eligible for these limitless WOSB and EDWOSB contracts, a small business must meet the following Small Business Administration (SBA) specifications to qualify:
Hyper IC Florida is a registered Woman-Owned Small Business based out of Florida. Their company specializes in providing a full spectrum of commercial, industrial, military, and aerospace electronic components and accessories. Within a year, Hyper IC Florida has become a government contracting juggernaut.
Registering to become a certified Woman Owned Business and a Veteran Owned Business can be an extremely tedious task on top of the System for Awards Management (SAM) registration that is required for federal government work. US Federal Contractor Registration is currently offering a free evaluation and review of vendors' government registration, including their SAM registration. During the evaluation, a Placement Specialist will review the company's government contractor registration to ensure it is complete, contains the correct information and is optimized to help them win government contracts. US Federal Contractor Registration is helping woman owned small businesses and veteran owned businesses become registered for federal government work.