American Express OPEN and Women Impacting Public Policy (WIPP) just launched the Give Me 5 campaign. The program is intended to assist women-owned businesses in securing more federal contracts. Learn more by visiting www.giveme5.com.
The Situation: Women-owned businesses are a driving force in the national economy, generating nearly 1.9 trillion in sales and employing 13 million people. Every year, the federal government spends $400 billion on goods and services. The Equity in Contracting for Women Act (2000) stipulates that federal agencies award 5% of all contracts to women-owned businesses.
The Reality: Nine years after the launch of this act, federal agencies allocate only 3.4% of contracts to women. Only 67,000 of the 10.1 million women-owned firms have completed the CCR and, consequently, are eligible for federal contracts.
The Program: Give Me 5 aims to close the gap in contract allocation and increase the percentage of women receiving contracts to 5% or more. Women business owners stand to gain more than $5 billion in annual revenues by reaching the 5% goal.
As part of the program, WIPP and American Express Open are providing free, online training courses. Here are a few of the offerings:
Give Me 5 Training 101: Introduction to Federal Procurement and a Guide to Central Contractor Registration
April 29, 2009 @ 3pm EDT | Register
Give Me 5 Training 102: What’s next after I register on the CCR?
May 13, 2009 @ 3pm EDT | Register
Here are a few resources to help get you started:
1) Give Me 5 Web Site
2) Give Me 5 Brochure
3) Give Me 5 Federal Contracting Training Course Guide
-Jacalyn Barnes, SCORE
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