Sign up for our FREE Monthly Email Newsletter
In addition to keeping in the financial know, you may be interested in checking your credit score and report.
¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.
²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.
³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.
4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.
Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.
Women own 29 percent of all businesses and are opening companies at a rate 50 percent faster than the overall growth rate. But overall, women-owned businesses only account for about 4 percent of the country’s total business revenues—reflecting exactly zero growth since 1997, according to the most recent State of Women-Owned Businesses report.
A recent change to government contracting rules aims to break that stalemate.
It used to be that women-owned small businesses (WOSBs) and economically disadvantaged women-owned small businesses (EDWOSBs) only had an advantage in winning federal contracts for bids up to $4 million ($6.5 million for manufacturing bids).
Under the recent enactment of the National Defense Authorization Act for 2013, that ceiling no longer exists. The caps have been removed, which means that WOSBs and EDWOSBs can now compete for contracts of any award size, as long as other requirements are met.
“Now agencies have greater flexibility in setting contracts aside for women-owned small businesses,” says Denise Rodriguez-Lopez, a former small business advocate within the U.S. Department of Transportation who now runs the KMJ Company, a contracting consulting firm.
But don’t get too excited. “It’s still difficult to get a contract,” says Rodriguez-Lopez. “There are a lot of people looking for contract opportunities.”
If you’re a small business owner who is looking to penetrate the government market and compete against the slew of other companies, it’s important to have a plan in place. Here’s how to narrow the scope of possibilities to a target you can likely hit.
The removal of the contract cap is an exciting opportunity for WOSBs. With some planning and research, you may be able to compete with the other companies looking to win government contracts.
Joanne Cleaver doesn’t just write about entrepreneurship and finance for national publications and websites. As a longtime freelance writer and editorial project manager, she lives it. Her most recent book is “The Career Lattice“ (McGraw Professional, 2012), which shows how lateral moves power career growth.
Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.