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Welcome to the New and Improved Give Me 5!

More than just a new look, the new GiveMe5.com provides new features and easy access to the benefits of WIPP Membership. On this website you will find the step-by step Roadmap to Federal Contracts, a business education tool designed to lead you step-by-step through the process of becoming a successful federal contractor. The For Current Contractors section is your gateway for advanced training courses, procurement policy updates, and information on the programs and benefits available to WIPP Procurement Committee members. In addition, you will still find up-to date information on the policies that affect your business as a federal contractor, such as the Women Owned Small Business Program, and a section of FAQs with answers provided by WIPP’s Procurement Committee. We hope that you take a moment to browse the new site, and be sure to sign up for all of the new Webinars coming in 2012.

Women Owned Businesses Gain Ground in Federal Procurement

The Small Business Administration (SBA) announced its Small Business Procurement Data for 2010 and the results looked good for the small business community. The SBA reported that the federal government awarded nearly $100 billion in federal contracts to small businesses last year. The $97.95 billion in contracts awarded in 2010 was a record high and marked the second consecutive year of increased procurement dollars.

Last year’s federal contracts to small businesses made up 22.7% of all federal contracting. This puts the government very close to its goal of awarding 23% of federal contracting dollars awarded to small businesses.

Additionally, women owned businesses were awarded 4.04% of federal contracting dollars. This represents a $1.17 billion increase over contracts to WOSBs in 2009. With the new Women Owned Small Business Federal Contracting Program in place, WIPP expects that number to rise significantly next year. If the federal government met its 5% goal for women owned businesses, the result would be an additional $1.52 billion dollars awarded to WOSBs.

While WIPP is pleased to see the progress that government agencies have made with respect to contracting with women owned businesses, WIPP expects agencies to ramp up doing business with women owned firms.

To see the SBA Scorecard, click here.