In June, the chapter hosted a webinar featuring Thomas McGrath from the U.S. Small Business Administration (SBA). McGrath is the deputy director for program and resource management in the SBA's Office of Government Contracting and Business Development.
Along with colleagues Kelly Jackson and Garrison Anderson, McGrath provided a general overview of the Women-Owned Small Business (WOSB) Federal Contracting Program, emphasizing recent procedural changes to the certification process. To help provide a level playing field for women business owners, the government limits competition for certain contracts to businesses that are certified in the WOSB Federal Contracting Program.
In accordance with the new process, as of October 15, 2020, all WOSB firms must submit documentation to become certified in the new portal to compete for WOSB Federal Contracting Program set-aside contracts. Be sure to check the SBA's preparation checklist of essential documents to prepare for applying for certification at https://beta.certify.sba.gov.
During the session, attendees engaged in meaningful discussion with the speakers to better understand how recent changes will lead to improvements in the program, as well as the types of resources that are available to help guide companies through the process.
WOSB prime contracting is at an all-time high. In fiscal year 2019, there were over 15,000 WOSB prime contractors, with over $26 billion in awards. To learn more about the WOSB Federal Contracting Program, please visit http://www.sba.gov/wosbready.