SBA 8m WOSB Program

Empowering Women & Igniting Success.

Carter Enterprise Solutions, LLC is qualified for Department of Defense (DoD) and Federal Agency Sole-Source, Set-Aside and Competitive 8(m) Procurements. The program helps provide a level playing field for women business owners. The government limits competition for certain contracts to businesses that participate in the Women-Owned Small Business (WOSB) Federal Contract program. These contracts are for goods and services in specific industries (identified via NAICS code) where WOSBs are underrepresented. Some contracts are restricted further to economically disadvantaged women-owned small businesses (EDWOSBs).

SBA maintains a list of those eligible industries and their NAICS codes.

Joining the WOSB Federal Contract program makes a business eligible to compete for federal contracts reserved for the program's certified participants. These contracts are known as “set-asides.” Provided they are eligible, WOSB-certified firms can still compete for contract awards under other socio-economic programs, including 8(a) and HUBZone.

It is important to note that WOSB certification benefits only apply to federal contracting DoD opportunities, rather than those in the private sector.

General Scope: 

The SBA 8(m) Women-Owned Small Business (WOSB) program is a cornerstone initiative designed to uplift and empower women entrepreneurs in the business landscape. This program, administered by the Small Business Administration (SBA), aims to promote gender diversity and equal opportunities by providing targeted support and resources to businesses where women own at least 51%.

Key components of the program include:

1. Access to Federal Contracts: The SBA 8(m) WOSB program opens doors to federal contracting opportunities, creating a level playing field for women-owned businesses to compete and thrive in various industries.

2. Economically Disadvantaged WOSB Certification: Eligible businesses can also obtain certification as Economically Disadvantaged Women-Owned Small Businesses (EDWOSBs), unlocking additional opportunities and support for those facing economic challenges.

3. Business Development Assistance: Participants benefit from specialized business development resources, mentorship, and training programs aimed at enhancing their entrepreneurial skills and strategic planning.

4. Networking and Collaboration: The program fosters a supportive community of women-owned businesses, providing networking opportunities, collaborations, and the potential for partnerships to strengthen their market presence.

5. Competitive Advantage: Certification as a Women-Owned Small Business enhances credibility and competitiveness in the marketplace, attracting potential clients and partners who value diversity and inclusion.

6. Contract Set-Asides: Certain federal contracts are set aside specifically for WOSBs, increasing the likelihood of securing contracts and contributing to the economic growth of women-owned enterprises.

7. Financial Assistance: The program facilitates access to SBA-backed loans, bonding assistance, and other financial tools to support operational needs and expansion plans.

8. Strategic Alliances: Participants may engage in the SBA Mentor-Protégé Program, forming strategic alliances with experienced businesses to gain valuable insights and guidance.

In summary, the SBA 8(m) WOSB program goes beyond certification; it is a comprehensive initiative that strives to break barriers, empower women entrepreneurs, and create a more inclusive business environment by providing the necessary tools and opportunities for sustainable success.