Commentary: Proposal may triple Federal target for 8(a) small business goals by 2025

“After a tumultuous election, we need to take a closer look at President-Elect Joe Biden’s proposed economic plan that would cost an estimated $5.6 trillion, with a heavy focus on spending related to infrastructure, clean-energy projects, and federal R&D. He has done his best to explain various aspects of this plan to the American electorate during the presidential debates and over the course of his campaign. However, buried deep within his agenda is a proposal that’s gone mostly unnoticed, but one that could have massive implications for small, disadvantaged businesses seeking public sector revenue.”

“Among other initiatives aimed at stimulating economic growth within minority communities, Biden has proposed tripling agency spending on goods and services procured from small businesses owned by racial minorities. Currently, the government aims to award at least 5% of all federal contracting dollars to small, disadvantaged businesses as part of the SBA’s 8(a) Business Development program. If enacted, his proposal would move the target to 15% by 2025.”

“There are countless variables that will impact whether or not this proposal (or any other) comes to fruition, but if it does, it would be nothing short of a gamechanger for business leaders who qualify for 8(a) certification…”

Big Advantages for Small, Disadvantaged Businesses

“The fact that the public sector market for small, disadvantaged businesses could triple in size (virtually overnight) should get the attention of any opportunistic entrepreneur. However, that dramatic growth isn’t the only reason Biden’s win makes this market worth jumping into.”

“After President Barack Obama took office in 2009, he and Vice President Biden oversaw a government-spending program that spread funds fairly evenly across federal agencies. That administration also created numerous project-based opportunities for contractors through the American Recovery and Reinvestment Act (ARRA), a stimulus plan designed to help revive the economy after the Great Recession. Unlike President Trump, who aims to redirect even more spending to defense and homeland security under his proposed budget for FY21, Biden’s plan calls for an increased focus on a wide variety of domestic initiatives that would create opportunities for a much broader spectrum of government-supporting businesses…” Read the full article here.

Source: Why a Biden presidency could be a gamechanger for 8(a) businesses – By Tommy Benz, November 11, 2020. Federal News Network.

G2X TAKE: While this may never come to fruition, this Federal News Network article is worth a read as it details a proposal put forth that would have significant impacts on the competitive landscape and who and how companies partner for years to come.

0
Tags:

This topic contains 9 replies, has 5 voices, and was last updated by  Anonymous 2 weeks ago.

  • Author
    Posts
  • #80624
     Abigail Smith
    • G2Xchange Health Online Community Manager
    • G2Xchange Health

    Replies viewable by members only

    0
  • #80632

    Replies viewable by members only

    0
    • #80647
       Mary Warren
      • Founder and Principal Consultant
      • Process Strong LLC

      Replies viewable by members only

      3+
  • #80691

    Replies viewable by members only

    1+
  • #80719

    Replies viewable by members only

    0
  • #80725

    Replies viewable by members only

    0
  • #80753
     Tony Trenkle
    • CEO
    • TTrenkle Consulting, LLC

    Replies viewable by members only

    3+
    • #80774

      Replies viewable by members only

      1+
  • #80776

    Replies viewable by members only

    1+

You must be logged in to reply to this topic.

CONTACT US

Questions?. Send us an email and we'll get back to you, asap.

Sending

©2020 G2Xchange all rights reserved | Community and Member Guidelines | Privacy Policy | About G2Xchange Health

Federal Government Employees Join Free

As a special thank you to all the federal agencies that have been supportive of our efforts over the years we offer a free individual membership to Federal Government employees.  Membership includes:


Full Access to the G2Xchange Health website, including exclusive member content.

Access to Forums, Comments, and Discussions

Member Directory

Private Messaging

The G2Xchange Health Daily Take Newsletter which includes the latest intelligence, news, and happenings from across the Federal Health IT Market.

Exclusive Discounts on G2Xchange Events and G2Xchange Partner Events.

Click Here to Join


THANK YOU
FOR YOUR
SUPPORT


Opportunities. Starting Points.

About our Data

The Vault is a listing of expiring contracts, task orders, etc. within a certain set of parameters, to include:

  • Have an initial total estimated contract value of $3 million or above
  • Federal Health Only – MHS/DHA, HHS, CMS, or VA Actions
  • NAICS codes include: 511210, 518210, 519130, 519190, 541511,
    541512, 
    541513, 541519, 541611, 541618, 541690, 541720, 541990
  • Were modified within the last 12 calendar months
  • The data represented is based on information provided by the Government

Who has access? Please note that once the Vault product is no longer in the Beta testing phase, ALL G2Xchange Health Members will receive access to all basic and much of the advanced data. G2Xchange Health Corporate Members will receive access to ALL Vault content (basic and advanced).

Feedback/Suggestions? Contact us at Vault@G2Xchange.com and let us know what you think. 

G2Xchange Health

Log in with your credentials
for G2Xchange Health

Forgot your details?