On Monday, the U.S. Small Business Administration issued a final rule authorizing federal agencies to award sole-source contracts to women-owned small businesses eligible for the Woman-Owned Small Business (WOSB) Federal Contract Program.
This is a huge win for women business owners, leveling the playing field and opening the door to millions more federal contracting dollars This sole source authority announcement is an important milestone for women business owners across the country.
We are thankful for the Administrator’s leadership on this issue and her commitment to women-owned businesses. Pending approval from the FAR Council, sole source will be effective October 14, 2015. The Council will continue to update the public as we get more details on the ruling. We will share resources and information on the implications of sole source for women-owned businesses and how it will be implemented.