Economically Disadvantaged Women‐Owned Small Business [EDWOSB] Law and Legal Definition
Economically Disadvantaged Women-Owned Small Business (EDWOSB) is a small business concern that is at least 51 percent owned and controlled by one or more women who are U.S. citizens and who are economically disadvantaged. A woman is presumed economically disadvantaged if she has a personal net worth of less than $750,000, her adjusted gross yearly income averaged over the three years preceding the certification does not exceed $350,000, and the fair market value of all her assets (including her primary residence and the value of the business concern) does not exceed $6 million.
The EDWOSB automatically qualifies as a women‐owned small business eligible for the WOSB Program. The WOSB Program is a program initiated by the U.S Small business Administration which authorizes contracting officers to specifically limit, or set aside, certain requirements for competition solely amongst women owned small businesses (WOSBs) or economically disadvantaged women owned small businesses (EDWOSBs).
Legal Definition list
- Economically Disadvantaged Women‐Owned Small Business [EDWOSB]
- Economically Disadvantaged Family or Individual
- Economically Disadvantaged Entrepreneur
- Economically Disadvantaged
- Economic-Realities Test
- Economically Distressed Area
- Economics Research Service
- Economies of Scale
- Economies of Scope
- Economy of Scale
- Ecotax
Related Legal Terms
- Affected Item of Business
- Affidavit of Small Estate
- Affiliated Business Arrangement
- Agribusiness
- Alternative Fuels Business
- Awarding Agency [Business Credit and Assistance]
- Base Closure Area [Small Business Administration]
- Better Business Bureaus
- Bill of Sale (Business)
- Branch or Additional Business Facility [Agricultural Marketing Service]
