New WOSB (Woman Owned Small Business) Requirements Have Been Implemented
The Small Business Administration (SBA) began accepting applications for its new WOSB certification application procedure on July 15, 2020. Economically Disadvantaged WOSBs are also covered by the new approach. To compete for set aside contracts, the SBA revised the requirements for the EDWOSB and WOSB certification application program to require certification. New Certification Requirements Have Been Implemented. Enterprises could previously self-certify to WOSB rules, however, the SBA was criticized for allowing up to 40% of firms receiving awards to do so unlawfully. As part of the 2015 National Defense Authorization Act (NDAA), Public Law 113-291, Congress removed the option for businesses to self-certify their eligibility for the WOSB program. The SBA published its final certification rule in May 2020 to comply with the 2015 NDAA. Certification will be necessary under the new regulation for WOSB firms to compete for set-aside contracts and task orders. Small businesses can apply