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Minnesota State University, Mankato
Minnesota State University, Mankato

Women in the Labor Force

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How is a “women-owned small business" defined?

The Federal Acquisition Regulations (FAR) defines a "women-owned small business concern"
in Part 19.001 Definitions, as follows:

"Women-owned small business concern" means a small business concern—
  • (a) which is at least 51 percent owned by one or more women;
  • or, in the case of any publicly owned business, at least 51 percent of the stock of which is owned by one or more women; and
  • (b) whose management and daily business operations are controlled by one or more women."