WHAT IS THE WOSB / EDWOSB / 8m CERTIFICATION
Prior to 2011, the WOSB Program existed as a very weak program. Although women owned businesses represent 41% of American corporations, WOSB’s were winning less than 3.8% of federal contracting dollars. As such, Congress, SBA, government agencies and women groups collaborated to created a more robust WOSB Program to help support women businesses. The purpose for this program is to strengthen the old WOSB Program and create clear and specific processes to allow set-asides of contracts to women owned businesses. The goal is set at 5% of federal contracting dollars or $26 billion.
- WOSB = Woman Owned Small Business
- EDWOSB = Economically Disadvantaged Woman Owned Small Business
- 8m = The 8m designation refers to the WOSB Program created through the Small Business Act under Section 8 part (m)
To further clarify the distinction of these three designations, first, there is the women program and then there are the certification types. 8m and WOSB generally refers to the program as a whole. Whereas, there are two certification types: WOSB Certification and EDWOSB Certification.
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WHY YOU SHOULD GET YOUR WOSB or EDWOSB CERTIFICATION:
- Win set-aside federal contracts worth up to $4 million & $6.5 million for manufacturing (federal goal 5%)
- Win subcontracting projects with large prime contractors (subcontracting mandate 5%)
- Equal the playing field with other programs such as HUBZone, SDVOSB & 8a
- Future Mentor Protégé program for ED/WOSB
- New easier processes and guidelines for contracting officers to award set-aside contracts to WOSB’s
- No term limit in the program. For as long as you are a small business, you will remain in the program
- No long approval process. The minute you submit your documents, you’re instantly certified
- No 2 year wait period. You can start a new woman owned business today and get certified the next day
- Approved 83 Industries: Qualification by NAICS codes
- Rule of 2 for WOSB on 45 industries
- No Rule of 2 for edWOSB on 38 industries
- Limited competition, less than 1% of woman businesses are certified with the ED/WOSB certification
Click on the link below to get started on your WOSB or EDWOSB CERTIFICATION.