What opportunities are there for MBEs in Women-Owned Business (WOB) programs?
Of course, many MBEs are owned and controlled by women. Minority group women have substantial representation in the 8(a) and SDB programs and Women-Owned Businesses (WOBs) are awarded the majority of DOT DBE contract and subcontract dollars. Federal departments and agencies establish annual goals for contracting with WOBs, and some have achieved success in increasing WOB participation in prime and subcontracting. The FAR defines a WOB as a small business concern at least 51 percent owned by one or more women; or, in the case of a publicly owned business, at least 51 percent of the stock of which is owned by one or more women. The management and daily business operations must also be controlled by one or more women. The federal government does not require any formal certification for women-owned small businesses that are proposing as prime contractors on federal procurements. If your business meets the definition as stated above, and you are submitting a proposal for Federal procurement
