By Megan Connor
On March 2, 2016, SBA announced that federal government spending in FY 2015 met the 5% spending goal for WOSBs. According to the SBA, 5.05% or $17.8 billion of all federal small business eligible contracting dollars were awarded to WOSBs. This is the first time in the history of the WOSB Program that the goal has been met.
This great news was then followed on March 3, 2016, by SBA’s publishing of updated NAICS codes list for EDWOSB and WOSB set-aside and sole source contracts, which include MORE NAICS codes! These additional NAICS codes represent over 100 more six-digit NAICS codes, including 237310, Highway, Street, and Bridge Construction, 237990, Other Heavy and Civil Engineering Construction, and 562910, Remediation Services.
With more industries available for WOSB and EDWOSB set-aside and sole source contracts, the WOSB Program is poised to exceed the 5% spending goal in 2016 as well.
About the Author: Megan Connor, an associate with PilieroMazza, focuses her practice in the areas of government contracts, small business administration programs, business and corporate law, and litigation. She may be reached at email@example.com.