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IMPROVEMENTS TO THE WOMEN-OWNED SMALL BUSINESS (WOSB) PROCUREMENT PROGRAM MOVE FORWARD

Friday, May 1, 2015  
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FOR IMMEDIATE RELEASE

 

Media Contact:  Kristie Arslan

(415) 434-4314

media@wipp.org

 

IMPROVEMENTS TO THE WOMEN-OWNED SMALL BUSINESS (WOSB) PROCUREMENT PROGRAM MOVE FORWARD

WASHINGTON, D.C. (May 1, 2015) – Women Impacting Public Policy (WIPP) applauds swift movement by the Small Business Administration (SBA) to bring parity to women contractors. Only months after legislation was passed, regulations proposed today adding sole source authority to the Women-Owned Small Business (WOSB) Federal Contract Program will help women entrepreneurs access the federal market.

The WOSB procurement program, officially launched in 2011, is a critical entry point into government contracting for women entrepreneurs nationwide. Two critical changes were necessary to bring parity between the women’s program and other small business contracting programs. Congress lifted the dollar caps on contract awards in 2013 and allowed for sole source contracts in 2014. While SBA already implemented the removal of the dollar caps, today's proposed regulations address sole source authority.

The regulation also expedites a disparity study by the SBA, which identifies underrepresented industries for participation in the WOSB procurement program. Supporters have noted that the study is critical to updating the program to reflect the current environment. The study was originally required by 2018—more than eleven years after the last study—but would be accelerated to 2015.  

“Thank you to Administrator Contreras-Sweet for making sole source a priority. In the past months women entrepreneurs have asked one question: when? We are thrilled the answer is: now,” said Barbara Kasoff, president of Women Impacting Public Policy. “The Small Business Administration chose to act expeditiously on making this statutory change a business reality for thousands of women, and for that we are grateful.”

 

About WIPP

Women Impacting Public Policy (WIPP) is a nonprofit, membership organization working to increase the economic power and public policy clout of women business owners by providing business skills education, leadership opportunities for business and personal growth, and a seat at the table amongst policymakers in Washington, D.C.  Founded in 2001, WIPP is recognized as a national, nonpartisan voice for women entrepreneurs, advocating on behalf of its coalition of 4.7 million businesswomen including 78 business organizations. For more information, please visit www.WIPP.org.

For more on the campaign to bring sole source to the WOSB Procurement Program, visit here.

 

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