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.


Dream B.I.G.,
Paul Wilson, Jr.

Transform your dream from an idea into a purposeful, passionate, & prosperous lifewww.DreamBIGin3D.com

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About Paul Wilson Jr.
Paul Wilson, Jr. is a "Dream Catalyst" and Marketplace Pastor for leaders and entrepreneurs. He is driven to lead people to unleash God’s potential in their lives through their purpose, passions, and professional skills. He equips leaders with creative, faith-based strategies to flourish spiritually and professionally, while operating from several multi-media platforms, including TV show host, inspirational speaker, and stimulating writer. Paul is the President of Kingdom Business University, which utilizes workshops, consulting, and coaching services to ignite Christian catalysts maximize their God-given mission in the marketplace. He is the author of the life purpose igniter “Dream B.I.G. in 3D: How to Pursue a Bold, Innovative God-Inspired Life!” He is also the host of Passion in Action, a motivational and educational faith-based Internet TV show for social entrepreneurs, business leaders, and community change agents. Contact us today to learn more about how he can help your business, church, or community to thrive on purpose!

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