SBA: More industries for WOSBs;
Gains and losses for EDWOSBs
Regulations reflect drop in women’s share in 100s of industries
The Small Business Administration announced a major expansion of its Women-Owned Small Business (WOSB) Program, making set-asides under the program available in more industries.
The SBA’s new regulations, which went into effect March 3, more than doubled the number of industries in which WOSB set-asides may be awarded. Economically-Disadvantaged WOSBs (EDWOSBs) also may compete for those WOSB set-asides.
But the overall impact is mixed for women who have obtained the additional certification as EDWOSBs. There currently are about 37,000 women enrolled in the SBA’s WOSB program, of whom about 13,000 also are EDWOSBs.
Under the new rules, the economically-disadvantaged women have experienced a loss of some set-asides that previously were reserved exclusively for EDWOSBs.....
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