A new law will now give women-owned small businesses greateraccess to federal contracting opportunities.
|The National Defense Authorization Act of 2013 removes theanticipated award price of the contract thresholds for women-owned small businesses and economically disadvantagedwomen-owned small businesses to allow them greater access tofederal contracting opportunities without limitations to the sizeof the contract, the SBA said Thursday.
|Prior to the new law, the anticipated award price of thecontract for women-owned and economically disadvantaged women-ownedsmall businesses could not exceed $6.5 million for manufacturingcontracts and $4 million for all other contracts.
|“Today, women own 30% of all small businesses, up from just 5%40 years ago. As one of the fastest growing sectors of smallbusiness owners in the country, opening the door for women tocompete for more federal contracts is a win-win,” said SBAAdministrator Karen Mills.
|The SBA said the Women's Federal Contract Program allowscontracting officers to set aside specific contracts for certifiedwomen-owned and economically disadvantaged women-owned smallbusinesses and will help federal agencies achieve the existingstatutory goal of 5% of federal contracting dollars being awardedto women-owned businesses.
|The NDAA also requires the SBA to conduct a study to identifyand report industries underrepresented by women-owned smallbusinesses, the agency said. As a result, more eligible women-ownedbusinesses may be able to participate in SBA's Women's FederalContract Program and compete for and win federal contracts,according to the SBA.
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