On this morning’s WJR Business Beat, Jeff shares recent Small Business Administration (SBA) news announcing a certification program that helps ensure that women-owned businesses are competing on a more level playing field with other companies applying for the same contracts.
The certification requirement applies only to those businesses wishing to compete for specific set aside or sole source contracts under the program and to those seeking to be awarded multiple contracts for pools reserved specifically for women under these programs.
Tune in to today’s WJR Business Beat to learn more:
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“Equality, diversity, opportunity, all values and principals that deserve the intense focus they are getting today. Our great society in America, the land of opportunity when it comes to the notion of starting and growing a business of your own and being your own boss, is an underlying tenant of American society and lifestyle that should and must apply to each of us equally.”
– Jeff Sloan
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Good morning!
Equality, diversity, opportunity, all values and principals that deserve the intense focus they are getting today. Our great society in America, the land of opportunity when it comes to the notion of starting and growing a business of your own and being your own boss, is an underlying tenant of American society and lifestyle that should and must apply to each of us equally.
And while we have lots of ground yet to cover, we are seeing signs of progress to ensure just that. Recently, the SBA, the Small Business Administration of America, announced that it is amending its regulations to implement a statutory requirement, to certify women own business concerns participating in the procurement program for women owned small business concerns.
The certification requirement applies only to those businesses wishing to compete for specific set aside or sole source contracts under the program and to those seeking to be awarded multiple contracts for pools reserved specifically for women under these programs.
Over 20 years ago, the federal government set a goal of awarding 5% of government contracts to small businesses owned by women. But that goal has been elusive until the year 2015, when it was finally met. Once certified, women owned businesses can search for federal contracting set aside specifically for women owned businesses.
This certification program helps ensure that small businesses owned by women are competing on a more level playing field with other companies applying for the same contracts. We applaud all such programs that drive to a true and greater level of equality in our great country. And certainly, we want to highlight the great work the SBA has done to give women an opportunity to qualify more equally for contracts under the federal government.
I’m Jeff Sloan, founder and CEO of StartupNation.com, and that’s today’s Business Beat on the Great Voice of the Great Lakes, WJR.
