New SBA Final Rule on Eliminating WOSB Self-Certification Workshop
On May 11, 2020, the long-awaited SBA Final Rule was published, which is a big win for women-owned small businesses nationwide. The SBA has amended its regulations to implement the statutory requirement that Women-Owned Small Business (WOSB) concerns and Economically Disadvantaged Women-Owned Small Business (EDWOSB) concerns be formally certified in order to participate in the federal government contracting program. Self-certification is now eliminated. As of July 15, the effective date of this rule, WOSBs and EDWOSBs that are not certified will not be eligible for new contracts under the program.