March 18, 2016
SBA: Federal Government Breaks Contracting Record for Women-Owned Small Businesses
Source: SBA, Miguel Ayala, March 2, 2016
For the first time, federal government hits women’s contracting goal; 5.05 percent or $17.8 billion awarded to Women-Owned Small Businesses; Senior Administration officials and Members of Congress herald historic contracting achievements
WASHINGTON – Maria Contreras-Sweet, Administrator for the U.S. Small Business Administration (SBA) and a member of President Obama’s Cabinet, was joined by Valerie Jarrett, Senior Advisor to the President, Congresswoman Nydia Velazquez (D-NY-07), Ranking Member of the House Small Business Committee, Representative Judy Chu (D-CA-27) and Representative Cheri Bustos (D-IL-17) today to announce that the federal government has surpassed its five percent contracting goal for Women-Owned Small Businesses (WOSB) for the first time in history.
“Meeting this goal means five percent is no longer our ceiling but our foundation upon which to build,” said Contreras-Sweet. “A recent SBA-commissioned study revealed women-owned businesses already employ eight million American workers, but when it comes to receiving contracts and capital, women are still under-represented. That’s why the SBA has added 36 new industry categories where women can now compete for set-aside contracts and sole-source awards. This will dramatically expand contracting opportunities for women-owned businesses, paving the way for new jobs and industries to be created.” READ MORE….
Women owned business are winning more government contracts. Contact your nearest PTAC to learn more about the program.
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