Federal contracting made easier to women-owned businesses
Published on 01/28/2013
Changes included in the National Defense Authorization Act of 2013 to the U.S. Small Business Administration's Women-Owned Small Business Federal Contract Program will help women-owned small businesses get a larger share of federal contracting dollars.
The measures will remove the anticipated award price of the contract thresholds that limited the opportunities available to women-owned small businesses to manufacturing contracts below $6.5 million and $4 million for all other contracts.
"Today, women own 30 percent of all small businesses up from just 5 percent 40 years ago. As one of the fastest growing sectors of small business owners in the country, opening the door for women to compete for more federal contracts is a win-win," said SBA Administrator Karen Mills.
The Women's Federal Contract Program permits contracting officers to earmark individual contracts for certified women-owned businesses and helps federal agencies meet the five percent women business participation goal for government contracts.
