SBA published a compliance guide to describe “in plain English” requirements to participate in the program.
A few weeks ago I posted about the SBA’s focus on women in business. On October 4th, they filed a final rule aimed at expanding federal contracting opportunities for women-owned small businesses (WOSBs). On October 28th, the SBA published a compliance guide to describe “in plain English” requirements to participate in the program.
Generally speaking, if one or more women own at least 51 percent of a business that qualifies as “small,” according to the SBA’s size standards, they can participate.
The 60-page guide clarifies the contracting, certification and eligibility requirements of the program, which goes into effect early next year.
The guide can be downloaded from the SBA website, where you also will find
- The Program Fact Sheet
- Frequently Asked Questions
- Applicable NAICS Codes