Additionally, funds invested in official retirement accounts are excluded from the analysis of an economically-disadvantaged individual's personal net worth in both the WOSB and 8(a) Programs. To learn more, visit www.sba.gov., Contact: Tiffani.Clements@sba.gov Release Number: 20-40 Follow us on Twitter, Facebook, Blogs & Instagram, View original content to download multimedia:http://www.prnewswire.com/news-releases/sba-issues-new-regulations-for-women-owned-small-business-federal-contracting-program-301056827.html, SOURCE U.S. Small Business Administration, Amazon Prime Day 2020: How small businesses can also benefit from the shopping event, Are you a small-business owner? You may have to take action and gather documents before starting. The Certify.sba.gov site has held self-certifications made by WOSB firms. To make things easier, gather these documents before you start. Your experience is important to us! All documents previously uploaded in Certify … Here are the instructions for how to enable JavaScript in your web browser, An official website of the United States government. About the U.S. Small Business AdministrationThe U.S. Small Business Administration makes the American dream of business ownership a reality. Offerors that need assistance in submitting the documents through Certify are advised to contact the SBA Office of Government Contracting at wosb@sba.gov." Before sharing sensitive information online, make sure you’re on a .gov or .mil site by inspecting your browser’s address (or “location”) bar. SBA Issues New Regulations for Women-Owned Small Business Federal Contracting ProgramPR NewswireWASHINGTON, May 11, 2020WASHINGTON, May 11, 2020 /PRNewswire/ -- The U. The https:// means all transmitted data is encrypted — in other words, any information or browsing history that you provide is transmitted securely. This site is also protected by an SSL (Secure Sockets Layer) certificate that’s been signed by the U.S. government. Qualifying individual(s) include all women claiming 51% ownership. Each program has unique criteria and thresholds and may request additional supporting information. The new WOSB Program regulations will make it easier and more efficient for contracting officers to set aside and make awards to firms certified as WOSBs and EDWOSBs and will better empower agencies to meet the 5% federal contracting goal for women-owned small businesses. To be an Eligible WOSB, a company must: Be a small business that is at least 51% percent unconditionally and directly owned and controlled by one or more women who are United States citizens. The timeline for implementation of changes to SBA's WOSB program has been delayed to accommodate those affected by the current pandemic. You may apply for and manage your Woman Owned Small Business (WOSB), Economically Disadvantaged Woman Owned Small Business certifications in our easy-to-use single system. Proof of U.S. citizenship (i.e., birth certificate, naturalization paper, or unexpired passport) for qualifying individual(s). Women-owned small businesses (WOSBs) are increasing in number, range, diversity and earning power. This makes the economic disadvantage threshold and analysis consistent for EDWOSBs and 8(a) Program participants. Please visit the, Version: 7.3.15.ga2e26fbfabdadbd86ca0b2d5c377b3372095d644, instructions for how to enable JavaScript in your web browser, Active registration in the System for Award Management for the firm, available at. The .gov means it’s official.Federal government websites always use a .gov or .mil domain. Below are some important timelines for firms to keep in mind: The current self-certification process will remain available for firms until October 15, 2020, in certify.sba.gov; Between now and July 15, 2020, WOSBs must download their documentation, currently housed in the WOSB Program Repository, from certify.sba.gov; On July 15, 2020, firms can begin submitting applications for initial processing; and.
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