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Celebrate Women-Owned Small Biz Month

The Small Business Administration (SBA) has designated October as Women-Owned Small Business (WOSB) Month and is celebrating with a special focus on information and classes aimed at WOSB.

The month-long focus includes an on-demand webinar: Encore Entrepreneurship for Women. It is an introduction to business planning directed at women over the age of 50 who are interested in pursuing a second career and launching their own business.

The SBA website is full of valuable information aimed at WOSB. For instance, an entire section is dedicated to What You Need to Know if You Are a Woman-Owned Small Business.

WOSB is just one of several socio-economic designations included in the Federal Government’s formal goals to ensure small businesses get their fair share of work in the federal market.

In fact, every Federal Government purchase valued from $3,500 to $150,000 is automatically set aside for small businesses as long as there are at least two companies that can provide the product or service.

Each federal agency must set an annual goal for participation by different types of small businesses. For Women-Owned Small Business that governmentwide statutory goal for FY15 and FY16 was 5% for Prime Contracting and 5% used by GSA for Subcontracting. Governmentwide data on each agency’s goals and achievements is available on the Small Business Dashboard.

Whether you are a WOSB or any other type of small business, we encourage you to take advantage of all the free training available through GSA’s Office of Small Business Utilization (OSBU).

 

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