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Women in business now have a fighting chance at some often hard to obtain federal contracts

Feb 06, 2013 -- 5:35pm

 

Women owned businesses will have greater access to federal contracting opportunities as a result of changes included in the National Defense Authorization Act of 2013. Women’s Business Ownership Representative with the US Small Business Administration Eastern Missouri, Angie Wells tells KZIM KSIM the law was signed January third… This lifts the requirement of a cap on the total contract price from 6-point-5-million-dollars for manufacturing firms and 4-million-dollars for everyone esle so basically women can apply for unlimited contracts as long as they can perform the work. There is a list of requirements at s-b-a-dot-gov-forward-slash-w-o-s-b. Today women own 30-percent of all small businesses up from just 5-percent forty years ago. Under the new federal law 5-percent of businesses included must be at least 51-percent owned by women and she must be the primary manager. 

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