Work From Home Articles, Small Business News, and Home Business Buzz

SBA Releases Women-Owned Small Business Rule

Posted on: October 18, 2010

As part of the Obama Administration’s overall commitment to expanding opportunities for small businesses, the U.S. Small Business Administration will begin in early 2011 implementation of its women-owned small business contracting program.

“Women-owned businesses are one of the fastest growing sectors of our nation’s 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,” SBA Administrator Karen Mills said.

The rule identifies 83 industries in which women-owned small businesses are under-represented or substantially under-represented in the federal contract marketplace. This rule is also another tool to help achieve the statutory goal that 5 percent of federal contracting dollars go to women-owned small businesses.

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