Thursday, June 5, 2014
Find Out Where Women Entrepreneurs ARE and ARE NOT Getting Federal Business Contracts
What has helped
Some progress has been made as a result of actions by the U.S. Small Business Administration (SBA). In 2010, the government authorized federal contracting officers to set aside federal contracts for Women Owned Small Businesses (WOSB) and Economically Disadvantaged Women Owned Small Businesses (EDWOSB). But to date, women have only about four percent of the market share of federal contracts.
Where the contracts are going
Most of the federal contracts awarded to women-owned businesses are in the areas of program management, logistics, administrative support and other professional services. In fact, these contracts increased in 2013 by 3.8 percent.
Areas that are decreasing
On the other hand, areas in which contracts awarded to WOSB and EDWOSB businesses are decreasing include architecture, engineering, and construction. These areas for women-owned businesses decreased by 50 percent between 2010 and 2013.