subject: Womens Federal Procurement Program [print this page] The Womens Federal Procurement Program desires to influence women-owned businesses, most especially economically-disadvantaged ones. This scheme, aimed at organizations which are somewhat 51% owned by greater than one woman, wants to make sure of equality in competition with other enterprises of any size. The scheme is new and has yet to reach its greatest capability. However, this program is already assisting women-owned organizations in a couple of beneficial means, as stated below.
Eligibility
The Womens Federal Procurement Program aims to abolish discrimination and the lack of representation for women-owned corporations. The scheme aims to recognize businesses that are owned by women and to apply specific means that will make these businesses known and qualified as businesses that can compete in their respective niches. There are little to no women when it comes to procurement. The program yearns to rectify this so that women will be pushed to go into this field.
Representation
The womens federal procurement program saw womens underrepresentation when it comes to various niches in business. The program substitutes to this by seeing to it that a business remains at least 51% owned by women. The program also ensures that needs regarding a womans say in the business is eligible, and are heard by the SBA.
Assistance
The SBA offers help to women-owned businesses as much as they give the same to small businesses, minority-owned businesses and service-disabled veterans. The womens federal procurement program enables women to register their businesses as women-owned businesses as long as they meet the qualifications. Funding, counseling, technical assistance, and training are provided to women who already own or aim to own their own businesses.
Stock options
Stock options are rarely recognized for women, who are mostly represented by their husbands when it comes to stocks. The womens federal procurement program sees to it that women have rights when it comes to equality in their stock choices, as well as grip over their appropriate percentage in a businesss shares.
Further studies
Upcoming research and study is ongoing not only for small and minority owned businesses, but also for women-owned organizations. These researches will further enhance the knowledge for the womens federal procurement program and its clause. These studies gear on the better treatment of womens businesses. It also gears on the whole removal of discrimination when it comes to women and the businesses they own.
The procurement program is only a means to empowering women who own their own businesses, or own stock in particular businesses. This program will help ensure that the real owners of a business are not judged by their gender. Business ownership eligibility will be judged based on the performance of the owner as opposed to their gender. The program also sees to it that qualifications for business owners apply just as much to women as they do to men. The SBA provides business support to any and all types of businesses handled by the minority. The association takes part in making sure that women have a say in the businesses they own, including stock choices and proper representation. Much as the Womens Federal Procurement Program still needs a lot of work, this is a crucial and needed way to equality when it comes to business ownership.
by: Nelson Nigel
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