The federal government’s goal is to award at least five percent of all federal contracting dollars to women-owned small businesses each year.
A Woman-Owned Small Business may self-certify as such when registering at the System for Award Management (SAM) website. However, if a solicitation is set-aside for Women-Owned Small Businesses, only those that have completed the formal certification process are eligible for award. (If a solicitation is not specifically set-aside for WOSBs, you will not need to be formally certified)
Starting on July 15, 2020, the Women-Owned Small Business (WOSB) certification process will begin to change, making it easier for qualified small businesses to participate, as well as strengthening oversight and maintaining the integrity of the certification process.
The SBA will
- provide a new, free online certification process for Women-Owned Small Businesses
- recognize businesses that are already certified as WOSBs by the Dept. Veterans Affairs
- continue to allow participation from businesses that use an approved Third Party Certifier
- eliminate the current self-certification option from certify.sba.gov, effective October 15, 2020.