Advantages Of Obtaining EDWOSB Certification For Your Business

 The term EDWOSB means Economically Disadvantaged Women-Owned Small Businesses. Small Business Administration (SBA) certifies such disadvantaged women who have small businesses in the United States. You need to fill out and submit the SBA form to avail all the benefits. EDWOSB is basically a contracting assistance program developed to help small businesses.

EDWOSB is considered a subset of Women-Owned Small Business (WOSB). If a female business owner in the United States wants to qualify for EDWOSB then she will need to automatically qualify as WOSB. There is no additional cost for adding to the WOSB. Businesses that are eligible for the WBE can only obtain WOSB certification.



Make sure that you have the following situations if you want to qualify as an EDWOSB business. 

You are a female business owner.

You are in an economically disadvantaged position in the country.

You have a small business according to the standards of SBA.

51% of your company is owned and controlled by women of the United States.

You want to do business in the federal market by acquiring government contracts in the United States. 

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

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

Your business must have a particular amount of earnings each year and should know to exceed that. 

Now you can understand what it takes to apply for EDWOSB certification. If you have all these criteria fulfilled properly then you can opt for EDWOSB certification. 



Advantages that you can get by obtaining EDWOSB certification 


For female business owners, the government of the United States has expanded opportunities. The government has set a goal to award 5% of all federal contracts to the WOSBs and EDWOSBs. The U.S. government also offers set-aside contracts to WOSBs to achieve the goals. It is tough for newcomers and small businesses to compete with large and well-established entities for obtaining government contracts in the federal market. The set-aside contracts allow smaller businesses to bid for contracts with peers. There are a lot of benefits that WOSBs get but mentioning and explaining all of them is not possible to mention in a single blog. Some of the most common advantages are mentioned. 


Increased visibility for competing with larger organizations


More and more women are becoming entrepreneurs. More than 13 million women are owning businesses in the United States. The WOSB and EDWOSB certification enhances exposure and strengthens business reputations from various angles. To take a position in an industry getting recognized as a business owner is very much needed. If your small business gets unnoticed then it will become tough to spread brand awareness. EDWOSBs can bid on set-aside government contracts easily with increased exposure. 



Get more leads for bids & proposals 


Business owners with WOSB and EDWOSB certifications can participate in the SBA WOSB federal contracting program. It provides a level of playing in the field for women-owned businesses in the United States. The government limits the competition for certain contracts with the help of this program. As a result, small business owners get an advantage in securing government contracts. Government contracts have been developed for industries where WOSBs are historically underrepresented. Small business owners get to compete for federal proposals by joining the WOSB program. 


Access to education and networking opportunities 


Some of the most common program skills are mentioned below:

Internal business management systems, manufacturing, marketing, accounting, and strategic planning.

Financial assistance.

Assistance for navigating federal contract bidding, procurement procedure, and acquisition.

Education on the market, strategic planning, and international trade.

Business development includes the identification of contracts, strategies, and partnership opportunities,

General and administrative assistance like support for a security clearance or human resources. 


Register your business with SAM 


The term SAM means System for Award Management. Only obtaining a WOSB certification is not all you need to know. You will need to register your entity with the System for Award Management (SAM). It will help your business to be eligible for winning government contracts. 


Conclusion


You will need to notice any further additional SBA required steps to participate in the EDWOSB federal contracting program after obtaining the EDWOSB certification. In this blog, we have covered some essential information on the benefits of obtaining EDWOSB certification. We have also mentioned the requirements to obtain the EDWOSB certification. So wait for no further and take steps to reach your goals. 



         

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