The Small Business Administration recently announced that they are amending regulations to allow greater access to federal contracting opportunities for women-owned businesses. This signals the commitment by the SBA to continue to advocate and support woman business owners.
Previously, Women-Owned Small Businesses (WOSB) and Economically Disadvantaged Women-Owned Small Businesses had a limit to the contracts they could receive. With the rule change, the contracts can be at any dollar amount. This will not only help federal agencies reach their goal of five percent of contracts going towards WOSB but more importantly, get the funding in the hands of these entrepreneurs.
We here at the NASE think this is a great move by the SBA and encourage any woman-owned businesses to visit their website for more information. Utilizing opportunities like this can help grow the micro-business community and allow women to thrive in business.
To read the full release, follow the link about the SBA Changing its rules to the Contracting Program.
Also, INC.com wrote up a great article as well about the changes.