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As of late 2020, the SBA has stepped in and taken over the WOSB certification process again. While the four third-party certifying agencies are still valid, the previous self-certification is no longer valid, and vendors must go through the SBA’s formal certification process.
The WOSB certification is industry-specific to industries that are typically underrepresented by female-dominant ownership. By getting your business certified, you eliminate a large majority of your competition, and can now be eligible for contracts. federal spending goals, and subcontracting goals that are specifically set aside for woman-owned businesses.
SMALL BUSINESS
Be a small business as classified by the SBA size standards under your company’s primary NAICS.
QUALIFYING NAICS CODE
Since this certification is for industries that are underrepresented by women business owners, there are only certain industries, determined by NAICS codes, that qualify. The easiest way to ensure your business falls into one of these industries is to contact us for a eligibility call.
OWNERSHIP
The business must be 51% or more owned by a woman, or women who make up at least 51% ownership.
CONTROL
The qualifying female owner(s) must have direct control of the business, day-to-day operations, and management decisions.
ECONOMICALLY DISADVANTAGED STATUS
If qualified with all the above to be a WOSB, EDWOSB applicant must additionally meet these requirements:
All qualifying women owners must have a personal net worth less than $750,000, have $350,000 or less of an adjusted gross income (averaged over 3 years), and each must have $6 million or less in personal assets.
With years in experience processing WOSB certifications, and an entire processing team dedicated to just this, Gov Certs has a vast depth of knowledge in completing the ED/WOSB application. We expedite your certification with efficiency. Our team has seen it all, and knows exactly how your documents need to be formatted, what obstacles to overcome, and what to expect once we’ve submitted your application.
STOP WAITING!
Gov Certs is ready to begin your ED/WOSB certification today! Give us a call to confirm your eligibility to become certified, and get started now.
Gov Certs is a state, local and educational (SLED) market certifications processing company. We strive to deliver products that ensure your company has the competitive edge when pursuing contracts in the state & local government sector.
