Small Biz Firms Ahead of Goal for Stimulus Funds… Sort Of
Whenever there is a new government spending initiative, I’m always curious to know how small businesses will be included. GovernmentExecutive.com has a blog post that provides somewhat of a status update for how the federal stimulus dollars are being spent (click here).
It’s encouraging to know that $1 out of every $4 that has been spent by federal agencies so far has been spent with small businesses. However, there is still much work to be done with multiple large agencies coming up short of their goals.
According to Joe Jordan, associate administrator for government contracting business development at the Small Business Administration, in testimony before the Small Business and Entrepreneurship Committee:
“… small disadvantaged businesses have received 11 percent of stimulus contracts, exceeding the goal of 5 percent, he said. Meanwhile, firms owned by service-disabled veteran-owned firms and those operating in historically underutilized business zones have received 4 percent and 7 percent of Recovery contracting dollars, respectively. The goal for both categories is 3 percent.”
While these are good signs that the government is following through on its promises to intentionally include small businesses in contracting opportunities, pressure needs to be kept on underperforming federal agencies to ensure that all sizes and types of businesses are given an equal opportunity to compete for these contracts.
Paul Wilson, Jr.
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