The Small Business Administration has launched an informational website addressing its new Women-Owned Small Business Federal Contract Program. The website includes a step-by-step guide on how to participate in the new set-aside program, as well as links to explanatory statements and SBA contact information. The final regulations implementing the program were published on October 7
On February 2, 2011, the Small Business Administration published revised regulations regarding the effect of an SBA size determination. 76 Fed. Reg. 5680 (Feb. 2, 2011). The most significant of these new rules requires a contracting officer to terminate a contract that is awarded during the pendency of a size protest if the awardee is found to be not small.…
Continue Reading SBA Stiffens Rules for Small Business
On February 4, 2011, the U.S. Small Business Administration is set to launch its Women-Owned Small Business Program, which is intended to create a set-aside structure for WOSBs similar to the existing 8(a) platform. The overall goal of the new program is to expand federal contracting opportunities for women-owned businesses within 83 different industries (identified by NAICS code) where WOSBs have traditionally been underrepresented. Some of the eligibility requirements for participation in the WOSB program include: (1) the company must be “small” in its primary industry in accordance with SBA size standards; (2) the company must be at least 51 percent directly and unconditionally owned by one or more women; and (3) control and day-to-day management of the company must be in the hands of one or more women.