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.

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.

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.