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Are you curious about the networking events near you? Together we can expand your network and watch your pipeline exponentially grow.
A Women-Owned Small Business is a small business that is at least 51 percent owned, and controlled in management and daily operations, by one or more women who are U.S. citizens. The federal WOSB program exists to help these firms compete for federal contracts and to move the government toward its statutory goal for the share of dollars going to women-owned businesses.
The WOSB program allows set-asides, and in some cases sole-source awards, but with an important nuance: these are available in specific industries where women-owned firms have been determined to be underrepresented, identified by designated NAICS codes. So eligibility depends not only on your ownership but on whether your line of work falls in an eligible category.
To compete for WOSB set-asides, a firm must be certified, either through the SBA's certification process or an approved third party, rather than simply self-certifying. There is also a more targeted subset, the economically disadvantaged women-owned small business, which carries additional financial criteria and its own set-asides. WOSB sits alongside other socioeconomic programs such as 8(a), SDVOSB, and HUBZone, and your NAICS codes determine where it applies.
Are you curious about the networking events near you? Together we can expand your network and watch your pipeline exponentially grow.
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