SBA WOSB and EDWOSB

Agency: All Federal Agencies
WOSB:  4/13/2018 – 04/13/2019
EDWOSB:   06/21/2018 – 06/21/2019

WOSB – Woman-Owned Small Business

The WOSB program was created to provide opportunity for woman-owned businesses competing for federal contracts. Just like a qualified veteran-owned business, the Small Business Administration (SBA) sets goals for spending in these categories.

EDWOSB – Economically-Disadvantaged Woman-Owned Small Business

EDWOSB is part of the WOSB program. The EDWOSB is a certification for woman-owned business owners who qualify as economically-disadvantaged. Unlike the 8(a) program, there is no limit on participation in the WOSB program as long the business is eligible.

Retrieved fromhttps://uscontractorregistration.com/woman-owned-small-business-wosb-registration/

In summary, to qualify as a WOSB, a business must meet the following requirements:

  • At least 51% unconditionally and directly owned by women who are S. citizens
  • The woman must manage the day-to-day operations
  • The woman must make the long-term decisions for the business
  • A woman must the hold highest officer position in the company
  • This woman must work at business full-time during normal working hours.
  • No minimum amount of time for the business to be operational

To qualify as an EDWOSB, a business must meet all the requirements for a WOSB, as well as the following requirements:

  • Personal net worth (assets minus liabilities) is less than $750,000 excluding:
  • Equity in business and primary personal residence
  • Income from LLC or S Corp that was reinvested or used to pay taxes of business
  • Funds invested in official retirement accounts if unavailable until retirement without a significant penalty
  • Adjusted gross income average over three years is $350,000 or less excluding:
  • Income reinvested or used to pay taxes of business

Fair market value of all assets is $6 million or less excluding Funds invested in official retirement accounts if unavailable until retirement without a significant penalty

Retrieved fromhttps://www.nwbc.gov/content/what-certification/

For more information please contact:

Margie Collins, Managing Principal/CEO
Email: mdcoll@bridgecrossllc.com
Phone: 703-232-1712