The Women-Owned Small Business Program (WOSB) and Economically Disadvantaged Women-Owned Small Businesses.
The WOSB and EDWOSBs contracting program is designed to help federal agencies achieve their statutory goal of awarding at least 5% of their federal contracting dollars to WOSBs. The SBA oversees the Women-Owned Small Businesses (WOSB) Program. First the acquisition must be assigned a NAICS code in which either WOSBs are underrepresented. EDWOSBs are substantially be an Eligible WOSB, a company Must be a small business that is at least 51% percent unconditionally and directly owned and controlled by one or more women who are United States citizens. Must have a woman manage the day-to-day operations, make long-term decisions for the business, hold the highest officer position in the business and work at the business full-time during normal working hours. To be an Eligible EDWOSB, a company: I. Must be a WOSB that is at least 51% owned by one or more women who are “economically disadvantaged.” Must have an economically disadvantaged woman manage the day-to-day operations, make long-term decisions for the business, hold the highest officer position in the business and work at the business full-time during normal working hours. Certification Requirement WOSBs and EDWOSB.
Section 8(a) Business Development (BD) Program was authorized under Section 8(a) of the Small Business Act The 8(a) Program is a business development program that helps disadvantaged business firms compete in the American economy by assisting in the expansion and development of existing, newly organized, or prospective profit-oriented small firms. The 8(a) Program is set up as a nine year program composed of two stages. The Developmental Stage is the first four years with emphasis on sole source contracts, strengtheningfinancial and managerial skills, and improving access to markets. The TransitionalStage is the last five years with emphasis on competition, overcoming remaining elements of economic disadvantage, and preparing for graduating out of the program. Small Businesses may apply for the 8(a) program if they are owned, operated, and managed on a daily basis by individuals who are socially and economically disadvantaged. The 8(a) Program is administered by the Small Business Administration (SBA) who must certify and monitor all firms in the program. Under this program, the government awards prime contracts to the SBA, which in turn, subcontracts with one of its approved 8(a) contractors.Authority. A contracting officer can give work to an 8(a) business if they determine that the 8(a) business is responsible, will do the work at a fair market price and the estimated cost is $4 million or less ($7 million for manufacturing).The 8(a) Business Development Program sole source award is the least restrictive of all the socioeconomic categories. There is no NAICS Code restriction and non limiting rulethat only one concern can reasonably be expected to satisfy the requiremen
The Historically Underutilized Business Zone Program
The HUBZone contracting program is designed to help federal agencies achieve their statutory goal of awarding at least 3% of their federal contracting dollars to HUBZone small businesses. The SBA oversees the HUBZones Program. The determination of whether an area is a HUBZone is based upon criteria specified in 13 C.F.R. Section 126.103. To be an Eligible HUBZone, a company: The term "HUBZone small business concern" means—a small business concern that is at least 51 percent owned and controlled by United States citizens; Certification Requirement To be certified as a HUBZone small business, at least 35% of the small business’s employees must generally reside in a HUBZone. The HUBZone program targets assistance to small businesses located in areas with low income, high poverty, or high unemployment. Qualified HUBZone small business concern. The term "qualified HUBZone small business concern" means a HUBZone small business concern that has been certified by the Administrator in accordance with the procedures described in this section.
The Service-Disabled Veteran-Owned Small Business (SDVOSB) contracting program
A Service-Disabled veteran is a veteran who has a disability rating issued by the Department of Veterans Affairs or disability determination from the Department of Defense. All SDVOSBs are also recognized as VOSBs.
Veteran-Owned Small Business Certification
Every year the federal government spends about $500 billion on contracts with the goal of spending 3% on Service-Disabled Veteran-Owned Small Businesses (SDVOSB) set-aside contracts. The Department of Veterans Affairs (VA) has a specific program called The Vets First Contracting Program. As an SDVOSB competing on federal contracts within the VA, priority is given even over other set-asides such as WOSB, VOSB, Disadvantaged, and HUBZone.
Although there isn’t a set-aside dollar amount, Veteran-Owned Small Business (VOSB) certification also has benefits. These include access to resources offered by the Office of Veterans Business Development (OVBD), exclusive funding opportunities, entrepreneurship training programs, and registration in the Vendor Information Pages (VIP).