What is the Women-Owned Small Business (WOSB) Procurement Program?
The Federal Acquisition Streamlining Act of 1994 (P.L.103-355) (FASA) established the government wide goal for participation by small business concerns owned and controlled by women at not less than 5% of the total value of all prime contract and subcontract awards for each fiscal year. The WOSB Procurement Program has a required goal set by law, but there are no set-aside procurement programs or incentives for awarding a contract to a woman-owned small business. Therefore, at the U.S. Small Business Administration (SBA), we are determined to work with other federal departments and agencies to establish aggressive goals and to develop meaningful initiatives in cooperation with other SBA program areas to ensure that the goal for WOSB is achieved. SBA is actively working to foster women’s share of the Federal marketplace. At SBA we are implementing initiatives that will help increase women’s share of the Federal procurement dollars, and we are actively searching for new and innovative me
