The U.S. Small Business Administration defines an Economically Disadvantaged Women-Owned Small Business (EDWOSB) as, “a small business that is at least 51% directly and unconditionally owned and controlled by one or more women who are citizens (born or naturalized) of the U.S. and who are economically disadvantaged.” The EDWOSB automatically qualifies as an eligible small business for the Women-Owned Small Business (WOSB) program. A woman is presumed to be economically disadvantaged if the following criteria is met:
- A personal net worth is less than $750,000
- Adjusted gross yearly income averaged for the three years preceding EDWOSB certification does not exceed $350,000
- Fair market value of all assets does not exceed $6 million
As a highly experienced job placement agency and government vendor, Contemporaries can help your agency meet your EDWOSB set-aside goals for 2019. Visit our website at https://contemps.com/federal-employers/ for our contracting vehicles. Then, call us at 301-565-0445 and let us help you meet your goals!