Last week, it was announced that the Federal Government has surpassed its 5% contracting goal for Women-Owned Small Businesses (WOSB) for the first time in history.
U.S. SBA Administrator, Maria Contreras-Sweet said “Meeting this goal means five percent is no longer our ceiling but our foundation upon which to build”. “A recent SBA-commissioned study revealed women-owned businesses already employ eight million American workers, but when it comes to receiving contracts and capital, women are still under-represented. That’s why the SBA has added 36 new industry categories where women can now compete for set-aside contracts and sole-source awards. This will dramatically expand contracting opportunities for women-owned businesses, paving the way for new jobs and industries to be created.”
To read the full article and find out more about the contracting accomplishments announced, click HERE.