Note from the CEO
This is a remarkable time for Women-Owned Small Business (WOSB). For only the second time since its inception, the WOSB Federal Contracting Program not only reached, but exceeded its target to achieve five percent of all awarded contracts during FY2019. This is a tremendous achievement for women business owners, with their significant efforts contributing to the economy at record breaking levels. With an average award of $1.85 million per prime contractor, revenues directed towards women-owned small businesses have steadily increased to $26.03 billion out of the overall spend of $136 billion in prime contracts to small businesses.
I am especially proud of this milestone as the Small Business Administration’s announcement called out Women Impacting Public Policy (WIPP) as a significant contributor to this achievement. As a board member and Vice Chair, I have partnered with WIPP as it advocated for the creation of the WOSB Program and as major supporters in the certification program over the last decade.
As a result of our commitment to consistently deliver significant cost reductions, improved efficiencies, expedited project completion and increased business value, Management Solutions has been the recipient of several WOSB contract awards. All of us at Management Solutions are proud to have been an ongoing contributor to this significant milestone.
We are even prouder of the role we are actively playing to help create new career opportunities for women and indeed for a whole new generation of project management and control professionals.
Enjoy the rest of your summer!
Misty Mayes, CEO