U.S. federal government contracting represent a tremendous sales and revenue opportunity for small businesses. The government is particularly concerned with making sure to include small businesses as it buys goods and services for several reasons:
To ensure that large businesses don’t “muscle out” small businesses
To gain access to the new ideas small businesses are great at providing
To support small businesses as engines of economic development and job creation
To offer opportunities to disadvantaged socio-ethnic groups
To these ends, most government agencies “set aside” a percentage of their acquisitions (what they buy) for small and disadvantaged businesses. In some cases, these set-asides might consist of certain types of tasks on larger contracts. In other cases, entire contracts may be designated for small businesses. Get all the details on set-asides in the Small Business Set-Aside Opportunities section.
These general concepts percolate through all aspects of becoming and operating as a government contractor. The SBA has designed a section of their website to help you:
Whether government contracting is right for your business
What you need to get started as a federal contractor
How to find government contract opportunities and customers
If you would like to know more about government contracts consider attending our Lunch and Learn on Oct 5th, click here to register online