Understanding and Obtaining the SBA’s WOSB and EDWOSB Certifications

When:

January 23, 2020, 9:00 AM - 10:30 AM

Where:

Webinar

Cost:

Free

The SBA is in the process of changing the WOSB regulations to do away with self-certification. This presentation will explain how this change has been a long time coming, how the SBA’s certification process will work, and how this impacts third party certification and recertification.

  • First, we’ll delve into the history of the SBA’s WOSB program and the controversial “self-certification” process.
  • After discussing the backdrop for SBA’s changing WOSB certification requirements, we’ll focus on eligibility for certification under the proposed rules. We will walk through the eligibility standards for both WOSB and EDWOSB applicants and explain how these eligibility requirements are applied in practice.
  • Next, we’ll delve into the two methods for certification under the proposed regulations: certification by the SBA and certification by approved third-party certifiers.
    • With respect to certification by the SBA, we will outline the information applicants must provide to the SBA and the SBA application review process.
    • We’ll then explain third-party certification, providing an overview of the SBA’s third-party certifier approval process and the application approval process of each of the four current third-party certifiers.
    • We’ll also compare the new and the old certification methods and highlight the impact of new rules on existing practices.
    • Further, we’ll discuss the pros and cons associated with the SBA and third-party certification methods to help potential applicants make the right choice.
  • Finally, we’ll cover how businesses can maintain WOSB status under the proposed regulations. We’ll discuss mandatory recertification (which occurs every three years), as well as reasons a certification may be challenged at other times. We will also talk about decertification and its effect on a business’ ability to participate in the WOSB program following decertification.

This webcast is offered to Alaska registered PTAC clients only. Call 786-7258 or email jysummers@alaska.edu for registration site and access code.

Add to Your Calendar 01/23/2020 9:00 AM 01/23/2020 10:30 AM Understanding and Obtaining the SBA’s WOSB and EDWOSB Certifications

The SBA is in the process of changing the WOSB regulations to do away with self-certification. This presentation will explain how this change has been a long time coming, how the SBA’s certification process will work, and how this impacts third party certification and recertification.

  • First, we’ll delve into the history of the SBA’s WOSB program and the controversial “self-certification” process.
  • After discussing the backdrop for SBA’s changing WOSB certification requirements, we’ll focus on eligibility for certification under the proposed rules. We will walk through the eligibility standards for both WOSB and EDWOSB applicants and explain how these eligibility requirements are applied in practice.
  • Next, we’ll delve into the two methods for certification under the proposed regulations: certification by the SBA and certification by approved third-party certifiers.
    • With respect to certification by the SBA, we will outline the information applicants must provide to the SBA and the SBA application review process.
    • We’ll then explain third-party certification, providing an overview of the SBA’s third-party certifier approval process and the application approval process of each of the four current third-party certifiers.
    • We’ll also compare the new and the old certification methods and highlight the impact of new rules on existing practices.
    • Further, we’ll discuss the pros and cons associated with the SBA and third-party certification methods to help potential applicants make the right choice.
  • Finally, we’ll cover how businesses can maintain WOSB status under the proposed regulations. We’ll discuss mandatory recertification (which occurs every three years), as well as reasons a certification may be challenged at other times. We will also talk about decertification and its effect on a business’ ability to participate in the WOSB program following decertification.

This webcast is offered to Alaska registered PTAC clients only. Call 786-7258 or email jysummers@alaska.edu for registration site and access code.

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