Final rule issued for WOSB certification, 8(a) income limit

WOSB self-cert still allowed for unrestricted contracts; 8(a) applicants allowed $750K income, up from $250K

     Five years after Congress ordered it, the Small Business Administration has published the long-awaited final rule to stop self-certification for the Women-Owned Small Business (WOSB) federal contracting program and to begin offering its own free online WOSB certification process.

      There also are changes for income and net worth thresholds for the 8(a) Business Development program, details on WOSB Third-Party Certifications, and adjustments to continued program eligibility and program examinations.

      Congress ordered the changes in the national defense authorization legislation of fiscal 2015. The proposed rule was released last year. WOSBs and EDWOSBs

      Under the final rule, self-certified WOSBs and Economically-Disadvantaged WOSBs (EDWOSBs) will no longer be eligible for set-asides...more....