WASHINGTON – Women-owned small businesses will have greater access to federal contracting opportunities as a result of changes included in the National Defense Authorization Act of 2013 (NDAA) to the U.S. Small Business Administration’s Women-Owned Small Business Federal Contract Program.
“This new law is a prime example of how the Obama Administration is embracing a more inclusive view of entrepreneurship, helping small businesses and America succeed,” said SBA Administrator Karen Mills. “Today, women own 30 percent of all small businesses up from just 5 percent 40 years ago. As one of the fastest growing sectors of small business owners in the country, opening the door for women to compete for more federal contracts is a win-win.”
The NDAA removes the anticipated award price of the contract thresholds for women-owned small businesses (WOSB) and economically disadvantaged women-owned small businesses (EDWOSB) to allow them greater access to federal contracting opportunities without limitations to the size of the contract.
Prior to the new law, the anticipated award price of the contract for women-owned and economically disadvantaged women-owned small businesses could not exceed $6.5 million for manufacturing contracts and $4 million for all other contracts. Read more... (522 words, estimated 2:05 mins reading time)
WASHINGTON – As the nation marks Veterans Day 2012, the U.S. Small Business Administration continues to build on its successful programs for America’s military veterans, helping tens of thousands of veterans each year with small business financing, comprehensive business training and counseling and access to federal contracts.
“Around Veterans Day, our thoughts turn to the men and women who are currently serving in the Armed Forces, as well as to all veterans who have made sacrifices and served our country over the years,” said SBA Administrator Karen Mills. “When you consider the leadership and management skills our veterans develop while on active and reserve duty, it’s no wonder we see so many of them choose the path of small business ownership.”
According to data from the U.S. Census Bureau veterans are successful small business owners. Nearly one in 10 small businesses nationwide are veteran-owned. Collectively, these 2.4 million small businesses employ almost 6 million Americans and generate more than $1 trillion in receipts. In the private sector workforce, veterans are 45 percent more likely than those with no active-duty military experience to be self-employed. Read more... (765 words, estimated 3:04 mins reading time)
WASHINGTON–The U.S. Small Business Administration will host the fourth of its free Mentor-Protégé Matchmaking Conference series in Los Angeles, Calif., on March 21. The program gives small disadvantaged businesses access to guidance on federal contracting, face-to-face meetings and opportunities to team with larger businesses and graduates of the SBA’s 8(a) Business Development program.
During the forums, small businesses will learn how to market themselves to the federal government and go after government contracting opportunities. They will also get an overview of the SBA’s Mentor-Protégé program – a tool of the SBA’s 8(a) program that encourages mentors to team with a protégé or smaller firm to help them with management and technical assistance, financial assistance and access to joint ventures and federal contracting opportunities.
“Although we are encouraged by the economic indicators trending upward, we are still facing challenging economic times,” said SBA Administrator Karen Mills. “That’s why it’s important that we make sure that more federal contracts get into the hands of small businesses that drive the nation’s economy and create jobs. These forums will go a long way in making sure that small businesses know how to leverage their companies and team with viable partners to take their businesses to the next level.” Read more... (381 words, estimated 1:31 mins reading time)
Webchat to be held Thursday, March 31, 2011, from 1:00 p.m. to 2:00 p.m., ET
WASHINGTON – Are you a woman business owner seeking federal contracts? The U.S. Small Business Administration’s March web chat will focus on a new Women-Owned Small Business (WOSB) federal contract program aimed at bringing more WOSBs into the federal contracting arena. Federal contracts can provide women entrepreneurs with the oxygen they need to take their business to the next level. Celebrate Women’s History Month and visit http://go.usa.gov/4BV to get information about the new contract program.
WHO: Michele Chang, senior Advisor in the Office of Government Contracting and Business Development at the SBA, will host the March web chat on “SBA’s New Federal Contract Program for Women.”
WHAT: SBA’s web chat series provides small business owners with an opportunity to discuss relevant business issues online with experts, industry leaders and successful entrepreneurs. Chat participants have direct, real-time access to the web chats via questions they submit online in advance, and during the live session. Participants will gain valuable information on how to participate in the program to gain increased access to government contracting opportunities. Read more... (256 words, estimated 1:01 mins reading time)