The Woman Owned Small Business Certification (WOSB) is designed to authorize government contracting officers to set aside specific contracts for competition solely amongst WOSBs or Economically Disadvantaged Women Owned Small Businesses (EDWOSBs). The main difference between these two types of businesses is that EDWOSBs are owned by women that could be considered Economically Disadvantaged. The Small Business Administration defines “Economic Disadvantage” as having a personal net worth of less than $850,000 adjusted gross yearly income averaged over the three years not exceeding $400,000, and the fair market value of all assets not exceeding $6.5 million. Businesses certified as EDWOSBs qualify for extra funding and may be selected in smaller set-aside solicitations pools than businesses certified as WOSBs. Contracting Officers must meet annual contracting goals by specifically limiting or setting aside certain solicitations for WOSBs or EDWOSBs.
USBRI has helped thousands of businesses in getting properly registered and certified as a Small Business Government Contractor. As a business owner and leader, your time and attention are most well spent actually running your company. There are many common mistakes with federal registrations and certifications that can cause delays and result in missed opportunities and possibly even fines. It is highly recommended to utilize the services of a CRS when attempting to complete these procedures for the first time. Once everything is approved and active, your business will be displayed within the Federal Small Business Databases utilized by Contracting Officers and Prime Contractors when looking for a Certified Small Business for “RFPs” and “Direct Award Contracts”. Then going forward, your CRS is only a phone call or email away to assist with any questions, issues, changes, updates or anything else to do with these topics. After 12 months of being active and having access to a CRS, the renewal process for these items are much easier once properly established. One of the biggest issues we see is that organizations may make it through the process to become active. However, they do not understand what else needs to be completed and where. What else is important? Am I positioned to be easily found? Is there enough data there to be awarded a “Direct Award Contract”? (Federal Contracts below $250K)
If you would like to get started on your WOSB or EDWOSB, reach out to our Help Desk at 1-888-646-9998 (M-F 9am-5pm EST). USBRI handles a majority of the certification process for you, only pulling you in where absolutely necessary. This includes updating your SAM Registration, SBA Profile and DSBS Profile after your certification goes active (including 12 months of support on the SAM Registration, Certification itself and the additional SBA/DSBS Profiles). WOSB & EDWOSB Certifications are good for 3 years once approved.
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