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).