A recent amendment to the Small Business Administration’s federal contracting program for women-owned small businesses, which would
Before the rule change, small business competing as women-owned and economically disadvantaged were limited to contracts valued at $6.5 million or less for manufacturing, and $4 million for other contracts. Now, contracting officers can set aside contracts for these businesses for any amount.
The change is a result of the National Defense Authorization Act of 2013, which was signed into law in January.
To qualify for the set-asides, a business must be at least 51 percent owned and controlled by one or more women, and primarily managed by one or more women. These owners and managers must be U.S. citizens.