In 2019 Women-Owned Small Businesses were awarded over $23 billion in Federal Contracts
For Reference: In 2019 the federal government allocated $560 billion into annual contract spending, and over $26 billion of that fund was enacted for the sole purposes of supporting WOSB organizations with exclusive awards and contracting opportunities. But that’s only part of the total benefits that registered female business owners are given.
When getting started we’ll ask you to send over some basic information and explain what to expect from your business’ registration and certification process.
We’ll Handle the Rest from There
Our Certification Specialists are dedicated to your organization’s success, and experts at the exhausting art of complex form-filling. We’ll stay with you every step of the way during the long federal registration process, keeping you informed with frequent updates and cooperating to ensure your business is found by awarding and procurement officers that offer the opportunities that benefit you the most.
Once your WOSB successfully enters the federal marketplace, we’ll stay with you to help with registration renewals and review your federal account to make sure everything is accurate, compliant, and optimized for the government contracts and awards you apply for in the future.
Right now, women small business owners who are willing to research the lengthy federal certification process may file for WOSB status themselves by way of a third-party certifier for Federal Contracts only.
But that likely won’t be true for long. Due to a legal loophole that’s allowed a slew of unqualified businesses to wrongfully self-register and access WOSB benefits, the Small Business Administration (SBA) is in the process of eliminating WOSB self-registration options by 2020—and has grown much stricter in their review of current certification statuses. This is largely because in March of 2019, the Government Accountability Office reported roughly 40% of WOSB-certified businesses were improperly admitted into the program.
To become eligible for WOSB status after this change, organizations will have to seek out third-party WOSB certifiers that have been previously approved by the SBA. So, if a business wants to self-register for WOSB status they better get started soon.
But keep in mind: The federal government requires a lot of information to certify your business—and all of it needs to be submitted flawlessly.
If a WOSB submits their certification application with errors, those business owners might need to restart the entire registration process again under even harsher guidelines. Not to mention, with the limited time left for WOSB self-registration in mind, that kind of delay can be detrimental to a business’ final certification status.
On top of that, if the WOSB does manage to receive approval despite some clerical errors when filing, that faulty information can go on to create payment delays and negatively impact an organization’s ability to win future contracts.