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Key Economic Indicators 
Item  Rate 
CPI: 0.1% (Jul 2017) 
GDP Growth:   2.6% (2ndQTR 2017)
Bank Prime Interest Rate:   4.25%
Consumer Confidence:  121.1% (Jul 2017) 
Small Biz Confidence:  105.2% (Jul 2017) 
Avg Gas Price:  $2.35 












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Federal Contracting Opportunities

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.


If you are a woman owned or minority business there are opportunities to participate in bidding for contracts set aside specifically for women owned and minority companies as a prime contractors.  There are also opportunities to participate as sub-contractors on any contract.  To participate in these contracts your business must be certified as a 8(a)/Small Disadvantaged Business (SDB).

The statutory goal for set aside contracting for women owned businesses is 5 percent (where the anticipated contract price does not exceed $5 million in the case of manufacturing contracts and $3 million in the case of other contracts). Contracts with values in excess of these limits are not subject to set-aside under this program.

Service Disabled Veterans (SDV) 

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.

Native American

The Indian Incentive Program (IIP) is a congressionally sponsored program that provides a 5% rebate back to the prime contractor on the total amount subcontracted to an Indian-Owned Economic Enterprise or Indian Organization, in accordance with DFARS Clause 252.226-7001.

Eligibility Requirements for the Indian Incentive Program

How to Participate in the Indian Incentive Program

Contracting/subcontracting Opportunities

Contract Training

SBA E-business Institute (free online courses)

Office of Small Business Programs

Legal & Regulatory information

Federal Acquisition Regulations (FAR)
Link to Agency Supplemental Regulations

Defense Acquisition Regulation Supplement (DFARS)

SBA Legal & Regulatory Information








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