Women-owned small businesses make up an increasingly large portion of the market for U.S. and Canadian federal, state, provincial, territorial and local government contracts. For these businesses, the road to getting started on growing government sales can be bumpy, but once these businesses have some experience and knowledge, there can be great opportunity to add to their government sales revenue.
This guide will explain how to find and win more women-owned small business government contracts so your company can maximize its public sector sales.
What is a Women-owned Small Business?
According to the U.S. Small Business Association (SBA), to be considered a women-owned small business (or WOSB) a firm must be a small business according to SBA size standards.
They must also be at least 51% owned and controlled by women who are U.S. citizens. In Canada, the rules are similar, as a WOSB must be a Canadian business that are at least 51% owned, managed and controlled by women.
If you are looking for broader advice on your small business and how to sell to the government, this helpful guide shares tips and tricks to getting started in government sales.
Free Report: Grow Your Women-Owned Small Business
Equip your government contracting organization with critical knowledge and access exclusive resources such as an overview of the Women-Owned Small Business (WOSB) and the Economically Disadvantaged Women-Owned Small Business (EDWOSB) programs, current federal spending trends, and top opportunities to watch with requirements to award work to certified WOSBs and EDWOSBs.
Women-Owned Small Business Eligibility
To register your business as a woman-owned small business and get in line to potentially win small business set-aside contracts, your firm must meet a set of criteria.
Here are six items on your women-owned small business certification checklist that your business must meet in order to qualify as an economically disadvantaged WOSB in the U.S.:
- Meet the small business size standard for the primary NAICS code and contract.
- 51% ownership by one or more women who are US citizens.
- Women must manage the day to day operations, make strategic decisions, hold the highest position and work full time during normal business hours. These programs aid small businesses by providing access to many sole-source, noncompetitive government contracts.
- Personal net worth less than $750,000, excluding ownership in business, personal residence, income reinvested or used to pay taxes, and funds reinvested in retirement account.
- Adjusted gross income average over 3 years of $350,000 or less, excluding income reinvested or used to pay taxes.
- Fair market value of all assets is $6 million or less, excluding income reinvested or used to pay taxes.
Firms that are qualified as a WOSB along with another or multiple other socioeconomic categories can be more likely to be awarded a government contract, especially if the buying agency is struggling to meet its socioeconomic contracting goals.
Resource Center: Grow Your Success as a Small Business Government Contractor
Small businesses are a priority in government contracting, but pursuing and winning contracts can be challenging. GovWin’s Small Business Resource Center serves as your toolkit for finding small business opportunities, obtaining helpful government contracting guidance, staying informed about current market conditions and more.
Tips on Women-Owned Small Business (WOSB) Certification
There are numerous resources specifically designed for women-owned businesses to better navigate the complex government contracting market. Gaining certification as a WOSB (a business at least 51% owned by a woman or by women) is a crucial strategy in order to qualify for certain set-aside federal government contracts that are not open to other types of businesses.
Most importantly, you need to make sure that your business meets the eligibility criteria as defined above. It’s also important to understand where to go to get certified:
- For the U.S. federal government, firms can compete for WOSB set-aside contracts once they successfully apply for certification on certifications.sba.gov.
- For Canadian women-owned businesses, WBECanada.ca is the hub for applying for women-owned small business certification.
- Different states and localities have their own programs for WOSB certification that can generally be found on their agency websites.
Find Women-Owned Small Business Government Contracts
The first step to finding more government contracts for your women-owned small business is determining eligibility and making sure your business is properly certified. Once that is complete, there are different methods of identifying and pursuing the types of contracts that are the best fit.
The U.S. federal government limits competition for some contracts to businesses that participate in the Women-Owned Small Business (WOSB) Federal Contract program. The SBA keeps a list of industries that are eligible for those opportunities.
- Network with other women-owned businesses, and other prime and subcontractors selling to the government. Building your network is a good way to keep your ear to the ground and find out what opportunities may be upcoming – and learn when to get your foot in the door. It can also make it easier to partner with other businesses on opportunities, or serve as a subcontractor on a larger prime contract, if your business offers unique capabilities that pair well with another government contractor for a partnership or teaming agreement.
- Build a strong online presence that emphasizes your core capabilities and your certifications. In today’s government contracting marketplace, having a solid web presence and website is a must-have in order to show that you are serious about trying to win government contracts. For women-owned small businesses, displaying your certifications as a WOSB is an important part of this. Showing off your certifications and core competencies will make it easy for a government vendor researching your company to understand what your firm is all about and to determine that you are a good fit.
- Leverage tools to surface government bids and market intelligence that can help you win more contracts. Women-owned small businesses that are serious about increasing their government sales revenue often invest in a tool that can help them find and win more government contracts. For a small business, it can often be challenging to devote the time and resources needed to keep track of all the potential business opportunities available from the government, and to vet each opportunity to find out if it is a good fit. Tools like GovWin IQ from Deltek can make this process easier by offering an all-encompassing market intelligence platform with the power to help women-owned small businesses plan beyond the proposal and gain a competitive advantage.
Find And Search WOSB/EDWOSB Government Contracts To Bid
It is more than likely that government buyers across the U.S. and Canada are issuing bid and tender opportunities for the goods or services your company provides. Browse our sample government contracts site to develop a sense of the government contracts available for your company to bid on and win.
Next Steps to Get Women-Owned Small Business Government Contracts
Smart women-owned small businesses know that they can’t simply register on a government website and begin to win small business government contracts immediately. Companies in all industries can get ahead in their capture planning by using business development solutions that are specifically designed to help them create a powerful proposal, win a government contract bid and expand their public sector sales pipeline.
Tools like GovWin IQ can provide your team with the most up-to-date information on the government market, along with expert research support and a full suite of powerful tools. GovWin IQ is the industry-leading platform for government contractors that provides small business with early awareness of new opportunities, deep planning intelligence, potential teaming partnerships, and the strategic insight that businesses need to get ahead of the competition.
Win Government Contracts with GovWin IQ
Learn how the leading market intelligence platform can help you find and win more government contracts for your woman-owned small business.
Related Resources
Guide to Government Contracting
Get the information you need to successfully find win and manage government contracts.Learn More »
How to Find Government Contracts
Get started by finding government contracts that best fit your business.Learn More »
What is DCAA Compliance?
Learn more about DCAA compliance, and how contractors can reduce risk by avoiding and preparing for DCAA audits.Learn More »
Federal Government Contracting
Learn more about federal government contracts and where you can find them.Learn More »
Small Business Contracting
Discover how to find, win and deliver on small business government contracts.Learn More »
Types of Government Contracts
Learn about the four main types of government contracts that contractors encounter.Learn More »
Canadian Government Contracting
Learn more about the Canadian public sector market and how to find Canadian contracts.Learn More »
How to Win Government Contracts
Discover how to beat the competition and win more government contracts.Learn More »
Guide to Govcon Compliance
Learn why compliance should be top of mind for all government contractors.Learn More »
What is CMMC?
Learn more about the basics of Cybersecurity Maturity Model Certification (CMMC).Learn More »
State & Local Contracting
Learn the basics of state and local government contracts and where you can find them.Learn More »
Basics of FAR & CAS
Learn about the Federal Acquisition Regulation (FAR) and Cost Accounting Standards (CAS).Learn More »
What is a Teaming Agreement?
Discover how teaming agreements can help you reach your government contracting goals.Learn More »
