tab nav

    Posts tagged "Sba"
    May 11, 2015

    WASHINGTON, May 8, 2015 /PRNewswire-USNewswire/ -- Today, Maria Contreras-Sweet, Administrator of the U.S. Small Business Administration recognized and awarded this year's National Small Business Week national award winners including the Small Business Person(s) of the Year at a ceremony and reception in Washington, D.C.
    "It is my extreme pleasure to announce that Alan Doan and his sister Sarah Galbraith are this year's Small Business Person(s) of the Year. It was just seven short years ago that Alan and Sarah bought a quilting machine and a small building to house it. Their business, Missouri Star Quilt Company, now owns 15 buildings, encompassing 116,365 square feet. They are considered the largest employer in Caldwell County, with 148 employees," said Contreras-Sweet. 
     
    "In 2013, the owners received an SBA 504 loan to construct a 45,000 square-foot facility to be used primarily for warehousing and shipping, as well as for customer service, sales and a photo/ catalog studio. This unique business is a combination of e-commerce and a bustling brick and mortar operation that has brought new life to Hamilton. Quilting tutorials posted on YouTube and hosted by Alan and Sarah's mother Jennie became a big hit. The company now ships hundreds of packages every single day to customers all over the globe. Due to their popularity on YouTube, the brick and mortar shop has become a quilting destination." Read Full Article.

    Add Comment
    Apr 9, 2015

    PETALUMA, Calif., April 8, 2015 /PRNewswire-USNewswire/ -- As a member of the House Small Business Committee, Congresswoman Janice Hahn from California's 44th District has proposed an amendment that would request a new Government Accountability Office (GAO) investigation into the diversion of billions of dollars in federal small business contracts unfairly awarded to Fortune 500 companies.
    Congresswoman Hahn's decision to request the new GAO investigation was based on research by the American Small Business League (ASBL). Hahn expressed concern about the government's claim that 23% of all federal contracts were actually being awarded to small businesses when that number included billions of dollars to Fortune 500 firms such as Apple, Chevron, Disney, Verizon and Bank of America.
    The last GAO investigation into the diversion of federal small business contracts to corporate giants was in 2002 and was prompted by information provided by ASBL President and founder Lloyd Chapman. That investigation found over 5,300 large businesses were receiving federal small business contracts. Chapman was invited to testify before the House Small Business Committee after the results of the GAO investigation were released. Read full article.

    Comments

    Modesta said: I keep hearing that SEO isnt effective or business is dying, what's your opinion about the way forward for search engine optimisation? Added a share on my Facebook, hope you dont mind
    Jan 9, 2017
    Add Comment
    Jan 21, 2015

    A new rule proposed by the Small Business Administration could help small companies team up to go after larger government contracts.
    "Projects in the federal procurement arena have gotten larger, more complex, and it's become more difficult for individual small businesses to pursue these types of projects," John Shoraka, associate administrator of government contracting and business at SBA, said on theFederal Drive with Tom Temin Tuesday.
    SBA issued the proposed rule on Dec. 29, nearly a year after Congress passed the fiscal 2013 Defense Authorization bill changing certain provisions in the Small Business Act.
    John Shoraka, associate administrator of government contracting and business development, SBA
    "Generally, if a contract is set aside for small businesses, the business that wins has to do 51 percent of the project. Unfortunately, the small business can't do all of that 51 percent, and so it then prohibits the small business from participating. What this allows is that if your subcontractors are similarly situated — in other words, if they're also a small business — together you can count against that 51 percent," Shoraka said. Read Full Article.

    Add Comment
    Aug 5, 2014

    WASHINGTON – The U.S. Small Business Administration today announced the federal government reached its small business federal contracting goal for the first time in eight years, awarding 23.39 percent in federal contracts to small businesses totaling $83.1 billion of eligible contracting dollars. SBA Administrator Maria Contreras-Sweet made the announcement at a press conference held at the National Aeronautics and Space Administration’s (NASA) Goddard Space Flight Center with NASA Administrator Charles Bolden and U.S. Senator Ben Cardin,
    D-Md.

    “When we hit our small business procurement target, it’s a win. Small businesses get the revenue they need to grow and create jobs, and the federal government gets the chance to work with some of the most responsive, innovative and nimble companies in the U.S. while the economy grows,” said SBA Administrator Maria Contreras-Sweet. “Thanks to the President’s leadership and a team effort among all federal agencies, we were able to meet this goal.”

    Performance in four out of five of the small business prime contracting categories showed significant improvement, with increases in performance against statutory goals. While contract dollars have gone down in all categories as a result of overall reduced federal spending, small businesses still secured a greater percentage of the contracting dollars. The SBA has worked with federal agencies to expand opportunities for small businesses to compete for and win federal contracts.

    “This is big news for our region especially,” remarked SBA mid-Atlantic Regional Administrator Natalia Olson-Urtecho. “We have a large concentration of government contracting opportunities in the DC corridor, and that wealth spreads outward and benefits citizens and businesses throughout the country.”

    Alongside the announcement, the SBA released the FY 2013 Small Business Procurement Scorecard, which provides an assessment of each federal agency’s yearly small business contracting achievement against its goal with 20 agencies receiving an A or A+. Overall, the federal government received an “A” on the government-wide Scorecard.

    The individual agency scorecards released today by the SBA, as well as a detailed explanation of the scorecard methodology, is available online at http://go.usa.gov/Nxxd. Reference Article.

    Add Comment
    Aug 1, 2014
    PETALUMA, CA--(Marketwired - Jul 31, 2014) - In a statement released on July 30, the Small Business Administration (SBA) has announced they are finally going to release their fiscal year 2013 Small Business Federal Procurement Scorecard, as confirmed by the American Small Business League. The Scorecard will report on the specific dollar volume and the percentage of federal contracts awarded to small businesses.
     
    New SBA Administrator Maria Contreras-Sweet will release the data in a press conference at NASA Goddard Space Flight Center with NASA Administrator Charles Bolden and Senator Ben Cardin, D-Md.
     
    A series of federal investigations and investigative reports have found the SBA continues to include billions of dollars in federal contracts to Fortune 500 firms and thousands of other large businesses in their small business contracting statistics.
     

     

    Add Comment
    Jan 10, 2014

    Proposed changes to the Federal Acquisition Regulations for 2014 include a rule that would encourage agencies to set aside contracts for small businesses.

    The interim rule would codify part of the 2010 Small Business Jobs Act that addressed set-asides of task- and delivery-orders as well as partial set-asides under multiple-award contracts, the 2014 FAR regulatory agenda says.
    The interim rule would only strengthen what's already happening in the government, said federal procurement expert Larry Allen. Agencies already regularly set aside contracts for small businesses, he added.
     
    "It's a further step to enshrine a practice that already happens," Allen said. This year's agenda will also include a proposed rule to clarify regulatory coverage on organizational conflicts of interest--when a contractor provides two types of services to the government that have conflicting interests.
     
    Another proposed rule would implement a uniform Procurement Instrument Identification numbering system. That system will require the use of Activity Address Codes to identify contracting offices and other offices in an effort to standardize procurement transactions across agencies.
     
    But the gears of regulatory reform might move slowly this year, Allen said, because there will be no full time head of the office of procurement policy when Joe Jordan leaves at the end of January.
    "History has shown, with the absence of someone there full time, the wheels will turn more slowly," he said.
    For more: - go to a Federal Register notice for the FAR regulatory agenda

     

    Add Comment
    Oct 28, 2013

    Making it easier for the government to do business with small, high-growth tech companies, and enabling the government to buy better, lower-cost tech solutions from the full range of American businesses.
     
    RFP-EZ improves the operations of government by making it easier for small businesses to sell their services to government buyers, and by making it easier for contracting officers within government to navigate the process of purchasing.  In Round 1 of the PIF program, the RFP-EZ team opened the door to small businesses by building a platform for small, creative businesses to more effectively sell to the Federal Government. The objective of the RFP-EZ 2.0 team is to improve upon the existing product and scale the tool across additional government agencies so that fewer taxpayer dollars are spent getting the technology that government needs to do its work for the American people. 
     
    As RFP-EZ is tested and scaled, a new effort will be launched to improve Federal procurement by building a portal of prices paid by agencies under their contracts.  Improved information sharing, both within and between agencies, about prices paid for common-use goods and services will make it easier for agencies to find “best in class” spending options.  More informed decision making promises to help save substantial amounts of money each year by pooling resources in the vehicles that offer the best value for the taxpayer. Reference Article.
     
    For opportunities, visit https://rfpez.sba.gov/

    Add Comment
    Jun 25, 2013

    ASHBURN, VA — As the festivities come to a close, small business leaders return home to put what they have learned into practice. From June 17th to the 21st, small business employees and entrepreneurs traveled from across the country to participate in the 50th anniversary of National Small Business Week.

    National Small Business Week is a major event held annually for all existing and potential (future) small businesses, as the Small Business Administration (SBA) dedicates an entire week to celebrating and educating small businesses and their entrepreneurs.

    Throughout the week, small businesses had the opportunity to learn from seminars, gain advice from successful entrepreneurs and business leaders, attend informational workshops, and were given the chance to participate in hands-on experience led by experts in the field. The Small Business Administration (SBA) conducts this week-long culmination of events every year with the goal of educating people on the importance of small businesses, as well as assisting these businesses (present and future) to be successful.

    For a promising end to the celebration, the U.S. Small Business Administration announced on Friday June 21, that the National Prime Contractor of the Year and National Subcontractor of the Year were awarded to a service-disabled veteran-owned small business contractor and to a woman-owned mapping technology company, (source: www.sba.gov).

    “When federal contracts get into the hands of small businesses, it is a win-win for the federal government, small businesses, the economy and the job market,” said SBA Administrator Karen Mills. “The federal government awarded nearly $100 billion in federal contracts to small business like the ones being honored today. These businesses and the industry leaders who contract with small businesses help boost the nation’s economy and they are stellar models of how to successfully navigate the federal contracting arena.”
    (Source: http://www.sba.gov/about-sba-services/7367/680421)

    The main events were held in Seattle, Washington (June 17th); Dallas/Fort Worth, Texas (June 18th); St. Louis, Missouri (June 19th); Pittsburgh, Pennsylvania (June 20th); and Washington, D.C. (June 21st). With the exception of St. Louis, all of these events were sold out. Small business gathered their forces and came together to help educate each other in hopes of learning and growing for the future. People who could not attend the events could access a live stream, as well as media/news articles and coverage, on the SBA official website. More information about the events, awards, and news throughout National Small Business Week, can be found at http://www.sba.gov/nsbw/.
    25 June 2013 -- Written By: Christine Ray
     

    Add Comment
    May 8, 2013

    The HUBZone Maps landing page has recently been updated with PDF and Excel documents displaying the most up to date qualifications for counties. Last month, the Bureau of Labor Statistics released 2012 annual unemployment data, which we use to determine nonmetropolitan county eligibility. The results are in!
    • 39 counties that were previously redesignated or not qualified are now Qualified. If you know a firm located in one of these areas, please spread the word—these areas are now HUBZones, and firms from these counties can now apply at any time.
    • 35 counties that were previously qualified by unemployment have become redesignated.
    Are you affected by these changes? Visit the HUBZone Maps landing page and open the PDF or Excel document for counties to check on the status of your county. If your county has become redesignated, its HUBZone status will expire in May 2016. If you have further questions about the HUBZone Maps or how this may affect your firm, please visit the maps section and the maintaining certification section of the FAQ page. Reference Article.

    Add Comment
    Nov 19, 2012

    Major U.S. companies including General Dynamics and Medtronic have received billions of dollars in federal government contracts that were supposed to go to small businesses.

    About $4.74 billion, or 45 percent, of more than $10.6 billion targeted for small businesses under government acquisition rules were won by bigger competitors in the year ended Sept. 30, 2011, according to government data.
     
    Companies that need the revenue the most are losing opportunities, said Margot Dorfman, chief executive of the Washington-based U.S. Women’s Chamber of Commerce.
     
    “I think this particular issue should be one of the top concerns of the Small Business Administration and the president,’’ Dorfman said in an interview. “Fix it now. Let’s not wait.’’
     
    The awards to bigger companies stem in part from an undertrained and understaffed acquisition workforce as well as an excessive use of exemptions, according to former procurement officials and contract attorneys. Read Full Article.

     

    Add Comment
    Apr 13, 2012

    On April 10, 2012 US Transportation Secretary Ray LaHood announced the launch of a DOT Mentor-Protégé Pilot Program during DOT’s Small Business Day: Moving Forward.  This pilot program was created to enhance the capability of minority and small business owners to successfully compete for and perform in federal procurement opportunities. Managed by the Office of Small and Disadvantaged Business Utilization (OSDBU), the program will provide an opportunity for small businesses to create strategic alliances with successful large or prime contractors to receive technical assistance and move their businesses to the next level.

     

    Comments

    Vighter Medical Group LLC said: We would be very interested in the Mento protege program. We are set to go and no one will entertain us with it. Sean 5047-313-0484
    Apr 30, 2012
    Vighter Medical Group LLC said: Please check us out we are interested in the Mentor Proege program Dunns #808862705
    Apr 30, 2012
    Add Comment
    Feb 21, 2012

    The Small Business Administration's recent increase in size limits for small business opens the door to more firms but has evoked mixed reviews from lawmakers and small business organizations, reports Govexec.com.

    The National Federation of Independent Business said in a statement that it is not clear why the definition was changed and National Small Business Association spokeswoman Molly Brogan told Govexec that she is concerned "with it lumping together businesses that have different interests and concerns."

    But Rep. Gerry Connolly (D-Va.), co-author of the Small Business Protection Act with Rep. Joe Walsh (R-Ill.), wants the government not to worry about redefining small business but instead add "complementary incentives for advanced [and] growing small businesses."

    The new size increase is scheduled to take effect on March 12. Reference Article

    Add Comment
    Nov 17, 2011

    On 14 Nov 2011, OMB and SBA issued a memorandum to Procurement officials regarding the improvement of small business data.  Quality and timely Federal procurement data are essential to increasing Federal small business contract awards and achieving the agencies small business contracting goals. Actions are being taken to improve the quality of procurement data on small business contract awards.

    As a result of these changes separate processes related to small business data quality are being aligned to increase awareness and attention on small business contracting data. Integrating small business data quality reviews into routine agency processes and procedures is expected to reduce burden on the acquisition workforce, facilitate improved acquisition planning, and increase data accuracy of awards made to small businesses.

    Accordingly, OMB and SBA asks all procurement officials to increase the attention given to small business data quality as part of their ongoing data validation efforts. Reference memorandum.

    Add Comment
    Sep 28, 2011

    Last year, the federal government spent more than $40 billion through the GSA Schedules program. This year it may well spend even more. A GSA Schedule contract is, quite simply, the easiest point-of-entry into government contracting – the most effective way to get your products or services in front of the world's largest buyer of products and services.

    A GSA Schedules contract gives you access to more than 260 federal, state and local government buyers who have an easier time buying from you than they do your competition.

    If you know that, you've already applied, or you're planning to.

    After all, it seems hard to fail once you have that contract in hand. Yet a remarkable number of companies do just that.

    That's not just a one-time missed opportunity. It can mean the end of future opportunities as well. The GSA requires schedule-holders to do at least $25,000 worth of business through their contract in the first two years they hold it, and another $25,000 every year thereafter. Fall short of that number, and they may terminate your contract. Full article.

    Add Comment
    Aug 31, 2011

    Are you ready to expand beyond America’s borders? Doing business in other countries will expand your potential customer base, but there are associated challenges you need to tackle first. SBA provides the following resources:

    International Travel Resources, Tips and Advisories :  Provides must-read resources if you are planning to go overseas to conduct business. Country-specific resources include current travel advisories, tips for international travel and document requirements.

    International Business FAQs :Lists answers to frequently asked questions about doing business abroad, facilitating overseas investment, trade restrictions and assisting foreign companies.

    Department of State Office of Authentications: Outlines the Department of State's Authentications Office, which is responsible for signing and issuing certificates under the Seal of the U.S. Department of State. The Authentications Office also verifies business documents that will be used overseas, including company bylaws, powers of attorney, trademarks, diplomas, transcripts, distributorship agreements, articles of incorporation, good standing certificates, home studies and letters of reference. The Office also ensures that the requested information will serve in the interest of justice and is not contrary to U.S. policy.

    Guidelines for Foreign Business Travel: Offers guidelines for exporters, or those thinking of selling abroad. These individuals often visit foreign countries to research market conditions and understand cultural nuances. This checklist, including information ranging from "A Basic Guide" to exporting, details the required steps you should take when traveling abroad, and some practical tips as well.

    Passports: Supplies information and services to American citizens who need to obtain, replace or change a passport.

     

    Add Comment
    Jul 8, 2011

    The Defense Intelligence Agency will host outreach events for small concerns interested in teaming on DIA contracts. These events will be held August 8, 11, and 12, 2011, in Conference Center Side B of the Defense Intelligence Analysis Center, Building 6000, Joint Base Bolling, Washington, DC, 20340. The events will be separated into eight 1.5 hour sessions. Each of the eight sessions will exhibit a DIA prime contractor. The purpose is to explain the primes’ processes for selecting team members, as well as describing what capabilities small firms should possess in order to be successful subcontractors. All small firms are welcome. However the focus will be HUBZone small businesses. Each session is limited to 2 representatives per firm with a maximum of 60 individuals.

    The sessions are scheduled as follows:

    Monday, August 8:

    * Session M1: SAIC, 10:00 – 11:30 am

    * Session M2: BAE, 12:30 – 2:00 pm

    * Session M3: L-3, 2:30 – 4:00 pm

    Thursday, August 11:

    * Session T1: BAH, 10:00 – 11:30 am

    * Session T2: CACI, 12:30 – 2:00 pm

    * Session T3: SRA, 2:30 – 4:00 pm

    Friday, August 12:

    * Session F1: Northrop Grumman, 10:00 – 11:30 am

    * Session F2: CTC, 12:30 – 2:00 pm

    Please respond to this announcement by COB Monday, August 1, 2011, via email to primary POC. State which session you would like to attend in your response. You are welcome to attend as many sessions as you like, provided they are still open.

    For individuals who do not possess a community badge or TS/SCI clearance, please provide your full name, company name, date of birth, social security number, and country of citizenship in your response.
    Contracting Office Address:
    Bolling AFB, Bldg. 6000
    AE-2
    Washington, District of Columbia 20340-5100
    Place of Performance:
    Washington, District of Columbia 20340
    United States
    Primary Point of Contact.:
    Kenneth Hartwell
    kenneth.hartwell@dia.mil
    Phone: 2022312166
     www.fbo.gov/index

    Add Comment
    Jul 7, 2011

    The U.S. Small Business Administration (SBA) released the Small Business Procurement Scorecard for all agencies reflecting each agency’s contracting accomplishments for Fiscal Year (FY) 2010. The Department of Transportation (DOT) Office of Small and Disadvantaged Business Utilization (OSDBU) is pleased to announce DOT received an “A” rating for its FY 2010 small business efforts. This is the second consecutive year DOT has received an “A” rating for its small business contracting achievements.

    “We’re extremely proud to earn an “A” rating from SBA for small business contracting. It takes a dedicated team, led by Secretary LaHood, the modal administrators, small business specialists, and our regional staff to achieve this level of success,” remarked Brandon Neal, OSDBU Director.

    The annual Scorecard is an assessment tool to (1) measure how well federal agencies reach their small business and socio-economic prime contracting and subcontracting goals, (2) provide accurate and transparent contracting data and (3) report agency-specific progress. The prime and subcontracting component goals include goals for small businesses, small businesses owned by women, small and disadvantaged businesses, service-disabled veteran-owned small businesses, and small businesses located in Historically Underutilized Business Zones (HUBZones).  Reference article

    The “A” rating reflects the Department’s ongoing commitment to providing the small business community the greatest access to federal contracting opportunities and to ensure that DOT’s procurement officers have the information and tools needed to connect with these innovative small businesses.

    Add Comment
    Jun 27, 2011

    The Small Business Administration (SBA) recently made changes to the 8(a) certification program for socially and economically disadvantaged small businesses with hopes to increase the amount of opportunities awarded to small qualified and certified companies.

    To qualify, a company can not exceed a certain size limit according to its industry, has to be able to meet certain economic criteria, and must be able to prove that is is socially disadvantaged, such as minority owned.

    If you qualify, get your financial statements prepared.  The SBA requires many supporting documents on every qualifying aspect of an 8(a) business and its owners. 

     

     

     

    Add Comment
    May 25, 2011

    Getting Back to Business Small Business Procurement Industry Fair, Thursday, June 23, 2011 @ African American Heritage Hall, 1701 Muhammed Ali Blvd., Louisville, KY 40203. For additional information, email: r4smallbiz@sba.gov.
    Contracting Office Address:
    USACE District, Louisville, 600 Dr. Martin Luther King, Jr. Place, Room 821, Louisville, KY 40202-2230
    Point of Contact(s):
    Jacque Gee, 502-315-6111

    Add Comment
    Jan 21, 2011

    The SBA will award $5 million in grant funding to assist undersized firms compete for large contracts. The grant recipients will be asked to find teaming partners to bid on large contracts with them. This will include identifying the team, preparing proposals and submitting the bids.

    “The Small Business Jobs Act provides critical resources to help small businesses continue to drive economic recovery and create jobs,“ SBA Administrator Karen Mills said.  “The teaming pilot program will help put contract dollars into the hands of small businesses, create job opportunities through the teaming arrangements, help drive innovation and promote economic growth for our nation’s economy.”

    The SBA is projecting to make 10 – 20 grant award of $250,000 - $500,000 for FY 2011. The awards will have a base project period of one (1) year, with four (4) option 12-month extensions. Applicants must:

    • Private entity – profit or nonprofit
    •  At least 3 years old
    • Must have experience working with small business issues on a national level

    The organizations that are awarded the grants will be required to coordinator their own assistance with the agency’s district offices and other federal, state, local and tribal government small business development programs.

    All grants proposals must be submitted through the federal website www.grants.gov by Friday, February 25, 2011.

    Add Comment
    Dec 3, 2010

    The government has a contracting goal of 5% with women-owned companies and to date the federal government has never met this goal. Starting in early 2011, the Small Business Administration (SBA) will have procedures in place to help women-owned companies gain access to more federal contracts. 

    The program will allow contracting officers to restrict competition in 83 industry categories to women-owned small businesses. When the program was being defined 45 industries were deemed “underrepresented” and 38 industries were deemed “substantially underrepresented” by women-owned companies.

    "Women-owned businesses are one of the fastest growing sectors of our nation's economy, and even during the economic downturn of the last few years, have been one of the key job creation engines in communites across the country," SBA Administrator Karen Mills said.

    It is believed with this new program with federal government will achieve the 5% contracting goal with women-owned companies.

    For more information click here.

    Add Comment
    Oct 8, 2010

    The government has a contracting goal of 5% with women-owned companies and to date the federal government has never met this goal. Starting in 2011, the Small Business Administration (SBA) will have procedures in place to help women-owned companies gain access to more federal contracts.

    The program will allow contracting officers to restrict competition in 83 industry categories to women-owned small businesses. When the program was being defined 45 industries were deemed “underrepresented” and 38 industries were deemed “substantially underrepresented” by women-owned companies.

    It is believed with this new program with federal government will achieve the 5% contracting goal with women-owned companies.

    For more information click here.

    Add Comment
    Sep 3, 2010

    Small Business Administration (SBA) released its fourth annual Small Business Procurement Scorecard for Fiscal Year (FY) 2009, with ratings for 24 federal agencies in prime and subprime contracting to small businesses.

    The Department of Transportation (DOT) Office of Small and Disadvantaged Business Utilization (OSDBU) has earned an "A" rating for the fourth consecutive year. DOT was also tallied the second highest overall score for accomplishments in supporting small business contracting in 2009. This year's scorecard demonstrates that DOT is supporting the small business community with a consistent commitment.

    As Director Neal said, "It takes a dedicated team, led by Secretary LaHood, the modal administrators, procurement officers, small business specialists, and our regional offices to achieve this level of success over the past four years."

    The annual Scorecard rates federal agencies in meeting the overall small business goal and the component contracting goals for small and disadvantaged businesses, small businesses in HUBZones, and small businesses owned by women and service-disabled veterans.

     

    The DOT was one of the ten agencies that met or surpassed their goals for four of the five small business categories. These accomplishments reflect the Department’s ongoing commitment to providing the small business community the greatest access to federal contracting opportunities and to ensure that DOT’s procurement officers have the information and tools needed to connect with these innovative small businesses.

     


    DOT's prime contracting achievement for 2009

     

    SBA Administrator Karen Mills said, "Federal contracts awarded to small businesses are a ‘win-win,’ providing small businesses with the opportunity to grow and create jobs, and offering innovative services and essential goods to the government at great value to the taxpayers.”

    Add Comment
    May 13, 2010

    The US DOT/OSDBU ihas issued the Spring 2010 edition of the DOT Biz Journal and it is available for download. In this issue the DOT/OSDBU highlights the recent OSDBU Small Business Summit attended by over 700 individuals from across the nation who came together to learn strategies from industry and government leaders to meet the demands of the competitive small business environment in the transportation industry. Also included in this Spring edition is a summary of DOT's proposed funding under President Obama's 2011 budget.

    You will also find information on the Small Business Administration's proposed rule to expand access to federal contracting opportunities for women -owned small businesses and will learn about a Short Term Lending Program success story on HydroTech, Inc, a Nevada based woman-owned 8(a), HUBZone certified company. In addition, the DOT includes their regular features including Follow the Recovery Money and the upcoming Calendar of Events.

    Click the following link to download the DOT Biz Journal (PDF)

    Add Comment
    Mar 31, 2010

    Every year since 1963, the President of the United States has proclaimed National Small Business Week to recognize the contributions of small businesses to the economic well-being of America. As part of National Small Business Week, the U.S. Small Business Administration recognizes this special impact made by outstanding entrepreneurs and small business owners. In 2010, National Small Business Week will honor the estimated 27.2 million small businesses in America. Small businesses are major contributors to the strength of the American economy. More than half of Americans either own or work for a small business. They also create 60-80 percent of new jobs in the country. Small businesses drive innovation, create 21st century jobs and increase U.S. competitiveness. More Info

    Add Comment
    Mar 8, 2010

    Proposed rule is designed to help agencies award 5 percent of federal contracting dollars to women-owned small businesses.
    The Small Business Administration proposed a procurement set-aside rule that would give women business-owners more opportunities in federal contracting.

    The intent of the rule is provide more opportunities for women-owned small businesses to compete for federal contracts, while helping agencies reach the existing statutory goal of awarding 5 percent of federal contracting dollars to WOSBs, SBA said. According to figures, the government exceeded its 5 percent goal in 2002, but otherwise hasn't reached it. The level has usually hovered around 3 percent since 1999, when SBA first started tracking the numbers.

    A set-aside rule would reserve some contracts for the businesses, ensuring that those contracts will count toward the goal no matter which competitor wins. SBA’s proposal finds that women are underrepresented in 83 industries in the federal marketplace, according to the agency. Officials used the analysis in a 2007 study commissioned by SBA from the Kauffman-Rand Foundation to determine where women are underrepresented.

    “Women-owned small businesses are one of the fastest growing segments of our economy, yet they continue to be underrepresented when it comes to federal contracting,” said SBA Administrator Karen Mills. Reference article.

    Add Comment