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The federal government offers an economically disadvantaged woman-owned small business (EDWOSB) program certification for qualifying women entrepreneurs. This federal program makes it easier for women-owned firms to compete for federal contracts, win contracts, and ultimately grow.
Discover how a women-owned business certification can help you meet your small-business goals. Learn more about the EDWOSB program, the benefits of certification, and how we can help!
Under Federal Law (Public Law 106-554), this program provides federal agencies a tool to achieve women-owned small businesses (WOSB) contracting goals (5% of its prime contracting dollars must be awarded to WOSBs). If you qualify for EDWOSB or WOSB program certification, then you can enjoy the following benefits:
The WOSB Federal Contract Program allows Contracting Officers (COs) to set aside contracts for WOSBs or EDWOSBs under certain conditions.
“Rule of Two”: Contracting officer has a reasonable expectation that 2 or more WOSBs will submit an offer.
Award Price: Contract must be awarded at a fair market price.
Per the SBA, as of December 2015, the program also allows Contracting Officers (COs) to grant contracts to WOSBs and EDWOSBs under Sole-Source Authority:
In March 2016, the eligible industries were revised and expanded to 113 based on the new Department of Commerce study. A total of 36 new industries were added to the program, six industries were removed from the program, and 27 industries had their designation changed between WOSB and EDWOSB.
The certification process for women-owned businesses is laborious. Fortunately, GPS saves you the headaches of applying. Receive a consultation to discover how to apply for a women-owned business certification with our expert team.
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