In an article published by SmallBizDaily, Bass, Berry & Sims attorneys Todd Overman and Sylvia Yi provided insight on the regulatory improvements to the SBA’s Women Owned Small Business (WOSB) Program that helped the federal government finally achieve its goal of awarding five percent of its annual contracts to WOSBs. As Todd and Sylvia point out in the article, Fiscal Year 2015 marked the first time the federal government has met (and exceeded) its WOSB goal, coming in at 5.05 percent. The most significant changes that led to this successful year were concentrated within the past couple of years, including a December 2015 amendment to the Federal Acquisition Regulation (FAR) authorizing contracting officers to issue sole source awards to WOSBs.

The full article, “Contracts to Women-Owned Businesses Exceeds Expectations,” was published by SmallBizDaily on September 14, 2016, and is available online.