Small Business News, Trends, And Topics

Click here for steerage and sources to help business house owners adapting to an unpredictable situation. As for the $90.7 billion in subcontracts awarded in fiscal 2019, the federal government exceeded targets for small companies total and ladies-owned small companies, however fell quick for the opposite subcategories. Historically Underutilized Business Zones (HubZones), which are economically distressed areas designated by the SBA, obtained 2.28% of contract dollars, simply shy of the three% aim. In order to assist HubZones, which have slowly been receiving more contracts since 2013, the SBA is encouraging agencies and small companies to use its training and sources on its HubZone program website.

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The federal authorities obtained an “A” grade on the general scorecard, which has statutory objectives which might be primarily based on the entire of eligible contract awards within the federal procurement information system. On August 12, the Small Business Administration reported that in fiscal 2019 … Read More