Changes on the Horizon for the SBA 8(m) Women-Owned Small Business Program
Source: JD Supra Business Advisor, Article written by Jennifer Boll, published July 13, 2015
Additional regulations governing the federal contracting “set-aside” program and now also the “sole source” program applied to women-owned small business (WOSB) are on the horizon. The WOSB program is referred to as the 8(m) program and was officially launched in 2011.
Proposed regulations were issued on May 1, 2015. They foreshadow a new certification process to be administered by SBA in place of the current self-certification process. In addition, the proposed regulations also implement the sole source aspect of the program which applies to federal contracts not exceeding $6.5 million for manufacturing and $4 million for all others.
To be considered a WOSB, an enterprise must i) meet ownership and operational requirements, ii) meet gross revenue thresholds, and iii) be in an industry in which WOSB’s have been historically underrepresented. The owner of a WOSB need not be economically disadvantaged, as is required for the 8(a) program. MORE…
Read the full story at http://www.jdsupra.com/legalnews/changes-on-the-horizon-for-the-sba-8-m-28149/
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