
President Obama has signed a law that seeks to level the playing field for women-owned businesses seeking federal contracts.
The National Defense Authorization Act for fiscal year 2015, Section 825, authorizes federal agencies to award sole-source contracts to women-owned small businesses eligible for the Woman-Owned Small Business (WOSB) Federal Contract Program, giving women the same level of access to the federal contracting marketplace as other disadvantaged groups.
In July, Administrator Contreras-Sweet testified before the U.S. Senate Committee on Small Business and Entrepreneurship that federal agencies needed this tool to level the playing field for women-owned businesses. Many of the committee members shared the sentiment, and the SBA worked with Congress and key small business stakeholders to include this provision.
Currently, women entrepreneurs are receiving less than five percent of federal contracts. While Congress established the WOSB Federal Contract program in legislation passed in 2000, it was not implemented. From President Obama’s first day in office, providing economic opportunity to women has been a top priority and the steps to enact the program were put in motion, which was implemented in April 2011.
This new provision will give the SBA a new tool to continue to open doors for more women entrepreneurs in the federal and commercial contract space. SBA’s efforts include aggressively promoting the Women-Owned Small Business Contract Program, which aims to expand federal contracting opportunities for women-owned small businesses.
article by Carolyn M. Brown via blackenterprise.com

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