Friday, January 18, 2008

SBA regulations on WOB set asides

This article by highlights the issues with the new regulations pertaining to set aside contracts for women-owned business. In a nutshell, only 4 industries out of the 313 listed in the procurement registry would be eligible for federal agencies to set aside contracts for women-owned business. The article also references statistics from the US Women's Chamber of Commerce indicating women make up 30 percent of the nation's business owners, but receive only three percent of federal contracts -- clearly a disproportionate percentage. Bottom line - women business owners need to be proactive and aggressive in their efforts to positively impact the regulations. Click link below to see full article.

SBA Defends Contract Plan