Surety Industry News

Women-Owned Small Business (WOSB) Contracting Program

The long anticipated and landmark Small Business Act was recently passed, which authorizes federal contracting officers to specifically limit, or set aside opportunities for women-owned small businesses (WOSBs) or economically disadvantaged women-owned small businesses (EDWOSBs). Although the Small Business Administration has issued a final rule on the WOSB program, it will not be effective for […]

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SBA Surety Bond Guarantee Program Increases

President Obama’s Economic Stimulus Plan is bringing billions of dollars to government agencies for spending, along with surety bonding assistance to enhance contractor’s bidding capacity. In addition, the limit on the US Small Business Administration’s (SBA) surety bond guarantee has increased from $2 million to $5 million under the Economic Stimulus Plan, and can be

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