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Contracting with
the federal and state governments is an enormous
opportunity for small businesses to generate revenues.
Every year the federal government alone spends over 200
billions dollars to buy products and services that range
from furniture to technology services.
Government
at every level purchases a whole host of products and services such as
paper, pens, furniture, computer equipment, rent
vehicles, janitorial services, carpentry service,
building maintenance, training, etc.
Programs exist at the federal, state, and
local levels intended to increase the participation of
minority owned businesses. |
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The Veterans Entrepreneurship
and Small Business Development Act of 1999 (Public
Law 106-50) established an annual
government-wide goal of not less than 3% of the total
value of all prime contract and subcontract awards.
On December 16, 2003, the
Veterans Benefits Act of 2003 (Public
Law 108-183)
was passed by Congress. Section 308 of the Act (Public
Law 108-183) established a procurement program for
Service-Disabled Veteran-Owned Small Business Concerns (SDVOSBC).
This procurement program provides that federal
contracting officers may restrict competition to
SDVOSBCs and award a sole source or set-aside contract
where certain criteria are met.
Executive Order 13360
signed in October 2004, requires each agency to: develop
a strategy to increase contracting & subcontracting to
SDV businesses; designate a senior-level official to be
responsible for developing and implementing the agency's
strategy and report the progress annually to the SBA. |
