If youโre a woman who owns a business and youโd like to apply for federal contracts, getting officially certified as a woman-owned business is essential. The federal governmentโs goal is to award at least 5% of its contracts to women-owned small businesses each year. While the certification process may seem daunting, itโs not that difficult if you know the basic application rules and materials needed.
Two Kinds of Certifications
There are two types of women-owned certifications, Womenโs Business Enterprise (WBE) and Women-owned Small Business (WOSB). WBE is a designation that many private sector businesses and organizations, and some state and local governments use. To be given this designation, you must apply through one of the Small Business Administrationโs (SBA) third-party certification partners. … Read the rest