January 17, 2013

Policy change to aid women-owned firms

By

WASHINGTON — Women-owned small businesses will have greater access to federal contracting opportunities as a result of changes to a federal law.

The new law, included in the National Defense Authorization Act of 2013, affects the Small Business Administration’s Women-Owned Small Business Federal Contract Program.

The act removes the limit on the monetary amount of a federal contract that women-owned and economically disadvantaged women-owned small businesses can bid on.

Prior to the new law, the anticipated award price of a contract for women-owned and economically disadvantaged women-owned small businesses could not exceed $6.5 million for manufacturing contracts and $4 million for all other…

Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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