In the SBA press release announcing the new rule, SBA Administrator Karen Mills said, âWomen-owned small businesses are one of the fastest-growing segments of our economy, yet they continue to be underrepresented when it comes to federal contracting.â
The rule entails setting aside 5 percent of federal contracting dollars for women-owned small businesses. This new rule stems from the identification that women-owned small businesses are underrepresented in 83 industries.
The public is allowed to submit comments to the rule until May 3 of this year. Comments may be submitted to www.regulations.gov. For details regarding the new rule, click here.
The U.S. Women’s Chamber of Commerce has posted a list of the 83 industries (which is actually several hundred NAICS codes) here – http://www.uswcc.org/wfpp/