Know About EDWOSB To Take Advantages After Getting Certified

 Small businesswomen who have economical disadvantages but want to do business in the federal market often struggle to get recognition and obtain government contracts. EDWOSB program of the U.S. government is the ideal program for such business owners in the United States. 

First and foremost, readers need to know that the EDWOSB stands for Economically Disadvantaged Women-Owned Small Business. The Small Business Administration (SBA) has formally developed and introduced a certification process for the EDWOSB program. 

The government of the United States has developed programs to support such businesswomen to give them recognition and support to compete with large established federal contractors and commercial companies. With the help of the EDWOSB program, the government also eliminates any sort of inequality, biasedness, and unfair competition towards the small businesses owned by women in the United States. 

In order to get into any developmental program that is designed by the government and take advantage, aspiring federal contractors or small businesses need to obtain certain certifications. These certifications are developed in order to limit the competition and allow only eligible contractors or businesses to sell to federal agencies or government organizations. This helps the federal buyers to purchase products and services from quality companies or contractors without facing any sort of issue or uncertainty. 

So, the program EDWOSB helps small businesswomen who have economical disadvantages. 

In this blog, we are going to explain EDWOSB. So without wasting any time let’s find out about EDWOSB precisely. 

Can you obtain EDWOSB certification for your business?

To avail of all the benefits, you need to fill out and submit the Small Business Administration (SBA) form. It is basically a contracting assistance program developed to help economically disadvantaged women-owned small businesses.

EDWOSB is a part of the Women-Owned Small Business (WOSB) program of the U.S. government. Keep in mind, If a woman qualifies for EDWOSB, then she will automatically qualify as a WOSB. There is no additional cost to add to the WOSB.

Let’s keep it simple in order to understand if you can get EDWOSB certification or not. You need to make sure you have the following situations which will allow you to opt for the EDWOSB certification. 

You are a woman. 

You have the citizenship of the United States for your business. 

You have economical disadvantages. 

According to the SBA standards, you have a small business. 

At least, 51% of your company is owned and controlled by women. 

You are aiming to do business in the federal market by acquiring government contracts.

Women manage day-to-day operations in your business. 

Women are responsible for making long-term decisions for your business.

Your business has a specific amount of earnings each year and it does not exceed that. 

Only getting registered with the certification is not all you need to know. Know how to get registered with the System for Award Management (SAM), in order to be eligible for obtaining government contracts. The businesses that are certified, EDWOSB helps them by giving advantages. 

Now you got to know what it takes to apply for EDWOSB certification. So, you can opt for this certification if you have all these criteria fulfilled. 

Know the benefits of the EDWOSB certification 

You have got to know the eligibility criteria or requirements to opt for obtaining EDWOSB certification. The government of the United States has expanded opportunities for female business owners.

A lot of benefits are given to the EDWOSBs but mentioning all of them in a single blog is not convenient. We have decided to cover a few common benefits that you must look at before obtaining the certification. 

In one line, the program EDWOSB helps small businesswomen who have economical disadvantages. Now let’s discuss some of the remarkable benefits that come with the certification of EDWOSB. 

The government has planned to award 5% of all the federal contracting funds to the WOSBs and EDWOSBs.

The U.S government has ‘set-aside’ contracts for all the verified economically disadvantaged women-owned small businesses. 

Increases visibility of the EDWOSBs to compete with the established and larger organizations in the federal market. 

Giving recognition to the EDWOSBs to bid on set-aside government contracts to win. 

Receiving more leads for bids and proposals.

Getting to compete with less number of competitors to win federal contracts. 

Access to educational opportunities.

Access to networking opportunities. 

Compete without facing any biasedness.

Getting preferences from the federal agencies or government organizations. 

Conclusion 

It is important to know that any EDWOSB also qualifies for WOSB qualifications but not the other way around. The readers got to know that the program EDWOSB helps small businesswomen who have economical disadvantages.

We have mentioned what it takes to opt for the EDWOSB certification. Also, we have explained how the EDWOSB program benefits the participants. Now it is your time to identify whether your business is eligible to obtain EDWOSB certification or not. If your business is eligible and falls under this particular category of EDWOSB then you can obtain the certification to get the benefits and prosper.