A Woman-Owned Small Business (WOSB) is a business that is at least 51% owned and controlled by one or more women. In government contracting, WOSBs are eligible for set-aside contracts specifically designated for women-owned businesses, helping to promote gender diversity in federal procurement. These set-aside opportunities allow women entrepreneurs to compete for contracts that may have previously been dominated by larger, more established firms.
The WOSB program is part of the broader effort by the federal government to ensure fair opportunities for all businesses, regardless of gender. By targeting specific contracting opportunities for WOSBs, the government helps address the underrepresentation of women in the business sector, particularly in high-growth industries. Additionally, WOSBs can participate in mentor-protégé programs that allow them to partner with larger firms and gain experience and resources that help them expand their capabilities and increase their chances of winning government contracts.
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