The WOSB program has three objectives:
- To facilitate, preserve, and strengthen full participation of women-owned small businesses in the DoD acquisition programs;
- To promote efforts to achieve the government wide 5% goal for prime and subcontract awards to women-owned small businesses;
- To support the growth of women-owned small businesses through outreach and technical assistance.
To assist WOSB concerns in gaining access to DoD procurement opportunities, the Military Departments, Defense Agencies, and subordinate commands are assigned WOSB prime contracting and subcontracting goals. Each must report progress towards meeting these goals.
Section 7106 of Public Law 103-355 established a government-wide goal for WOSB concerns at not less than 5% of the total value of all prime contract and subcontract awards for each fiscal year. Over the past ten years DoD has experienced a steady increase in WOSB prime contract and subcontract awards in terms of both dollars and percentage of total DoD awards.