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Changes help women-owned small businesses

February 24, 2013

WASHINGTON — Women-owned small businesses will have greater access to federal contracting opportunities as a result of changes included in the National Defense Authorization Act of 2013, or NDAA, to the U.S. Small Business Administration’s Women-Owned Small Business Federal Contract Program.

The NDAA removes the anticipated award price of the contract thresholds for women-owned small businesses and economically disadvantaged women-owned small businesses to allow them greater access to federal contracting opportunities without limitations to the size of the contract.

“This is an important change because prior to the new law, the anticipated award price of the contract for women-owned and economically disadvantaged women-owned small businesses could not exceed $6.5 million for manufacturing contracts and $4 million for all other contracts,” Regional Administrator Natalia Olson-Urtecho said in a news release.

The Women’s Federal Contract Program allows contracting officers to set aside specific contracts for certified women-owned small businesses and economically disadvantaged women-owned small businesses, and will help federal agencies achieve the existing statutory goal of 5 percent of federal contracting dollars being awarded to small businesses owned by women.

The law also requires the SBA to conduct another study to identify and report industries underrepresented by women-owned small businesses. As a result, more eligible women-owned businesses might be able to participate in SBA’s Women’s Federal Contract Program and compete for and win federal contracts.

For more information, go to www.sba.gov/wosb.

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