Recently, a member of our community said they needed access to more opportunities to truly be successful. Well, as the owner of a Woman Owned Small Business, recent changes to government set-aside programs can help you access more opportunities!
The Woman-Owned Small Business (WOSB) Federal Contract Program provides greater access to federal contracting opportunities for WOSBs and economically-disadvantaged women-owned small businesses (EDWOSBs). The Program allows contracting officers, for the first time, to set aside specific contracts for certified WOSBs and EDWOSBs and will help federal agencies achieve the existing statutory goal of five percent of federal contracting dollars being awarded to WOSBs.
Businesses classified as economically disadvantaged woman-owned small businesses can compete on any of more than 300 North American Industrial Classification System (NAICS) codes. Eligible businesses must have total assets of less than $6 million and be owned by woman business owner whose net worth is less than $750,000.
But, small business owners need to get up to speed on the new rules, and take advantage of free services at the Procurement Technical Assistance Centers (PTAC) to snag more government business.
The PTAC can assist in three main areas:
- Understanding eligibility. The federal government has many set-aside programs that benefit various small business categories. PTAC can help you understand where your business fits.
- Registration compliance. PTAC can help your business register at the System for Award Management (SAM), a new approach that combines eight former federal procurement databases into one single, streamlined system.
- Bid-matching service. PTAC will help small businesses develop professional-looking capabilities statements, and will help identify contracting opportunities for small businesses.
With a local contracting culture that emphasizes formation of teams to pursue government contracts, small businesses need to make sure they have what is needed to work with large business partners.
EVENT INFORMATION: On February 5, 2015 from 10AM-12PM, the Pathway Women’s Business Center will host a Government Contracting Workshop with the University of Tennessee’s Procurement Technical Assistance Center. Registration is free, and attending will connect you with resources to help understand the online landscape related to government contracting and the government contracting process. If your small business is interested in government contracting, this event is not to be missed. We hope to see you there!