Women owned businesses rule! Now, in more ways than one. Known as the Women Procurement Program Rule, the Small Business Association recently filed the final rule on this program, which is aimed at increasing federal contract opportunities for female owned and operated businesses.
Small Business Trends quotes SBA Administrator Karen Mills: “Women-owned businesses are one of the fastest growing sectors of the economy, and even during the economic downturn of the last few years, have been one of the key job creation engines in communities across the country. Despite their growth and the fact that women lead some of the strongest and most innovative companies, they continue to be under-represented in the federal contracting marketplace. This rule will be a platform for changing that by providing greater opportunities for women-owned small businesses to compete for and win federal contracts.”
Federal agencies contracts represent a $500 billion business. Actively working to include women in these contracts has been a goal of the SBA for a long time. The program is expected to be in full effect by early 2011.
Related Resources:
- SBA Releases Women Owned Small Business Rule (Monitor)
- Free SBA Course: How To Win Federal Contracts (FindLaw’s Free Enterprise)
- Fewer Small Business Contracts for Big Businesses (FindLaw’s Free Enterprise)
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