The Women-Owned Small Business Federal Contract Program provides equal access to federal contracting opportunities for women-owned small businesses (WOSBs) and economically disadvantaged women-owned small businesses (EDWOSBs). The program allows contracting officers to set aside specific federal contracts for WOSBs and EDWOSBs in the 300 NAICS codes identified here.
The regulatory eligibility requirements for WOSBs and EDWOSBs are as follows: 1- The firm must be 51% owned and unconditionally controlled by women. 2- The women must be US citizens. 3- The women who control the business have at least the managerial expertise to run the firm. 4- No man or other entity has the ability to control the firm. 5- The women who own the firm manage it on a full-time basis.
EDWOSB certification adds the following requirements for the women controlling the business:
1- An adjusted net worth of less than $750,000. 2- A personal adjusted gross income of less than $350,000 per year over the last three years (i.e.: a total of $1,050,000 for the past three years)
For more information on the SBA 8(m) WOSB and EDWOSB programs, or for assistance with your firm’s application, please visit us at www.cloveer.com or call 813-333-5800.