Small Disadvantaged Businesses to Benefit Under Biden Administration 10/27/23 In a recent memo issued this week by the Office of Management and Budget, the federal government has set ambitious targets for supporting small disadvantaged businesses. The primary objective is to allocate 13% of its contract spending to these businesses in FY2024. This directive aligns with a broader goal set by the Biden Administration earlier this year, aiming for the government to eventually award 15% of federal procurement dollars to these...

Feds & SBA Break Record on Small Business Set-Asides in FY2022 7-25-23 In a recent announcement, Small Business Association (SBA) Administrator Isabella Casillas Guzman revealed that the Biden-Harris Administration achieved a significant milestone by surpassing its small business contracting target of 23% in fiscal year (FY) 2022. They awarded a record-breaking 26.5% of federal contract dollars to small businesses, marking an all-time high. This achievement reflects a substantial investment of $162.9 billion into the small business economy, signifying an impressive...

7/29/2022 The Federal awards to small businesses in Fiscal Year (FY) 2021 hit a record $154 billion, exceeding the current administration’s goals. This earned a rating of “A” from the Small Business Administration’s (SBA) government-wide Small Business Procurement Scorecard. In total, 27.2% of total federal contracting awards went to small businesses, beating the white  house’s goal of 23%. The largest gains were to be had in the 8(a) small and disadvantaged business awards as well as the service disabled veteran-owned...

SBA Changes Small Business Size Standards for 16 NAICS 5-4-22 If your firm was not considered a small business by the government previously, it may be now. Taking effect this week (May 2nd), The Small Business Association (SBA) issued four rules that changes the size standards on 16 industry sectors based on revenue. This is expanding access to the SBAs programs by nearly 60K federal contractors. Why is this happening? A function of the Small Business Jobs Act of 2010, the...

Pushing Congress for an Accessible and Effective 8(a) Set Aside Program for SDB 3/9/2022 In December, the Biden administration began moving forward with their objective to direct $100 billion in contract opportunities to small, disadvantaged businesses (SDBs) over the next 5 years. The Office of Management and Budget (OMB) has provided a memorandum on December 3, 2021, that provides detailed targets. It also adds meeting SDB contracting levels as a key performance indicator for many senior executive service members such...

12/8/21 Great news for small businesses already in the federal contracting space or looking to participate, the Biden administration moving forward with their objective to direct $100 billion in contract opportunities to small, disadvantaged businesses (SDBs) over the next 5 years. The Office of Management and Budget (OMB) has provided a memorandum on December 3, 2021 that provides detailed targets. It also adds meeting SDB contracting levels as a key performance indicator for many senior executive service members such as...

On January 6th, the Small Business Association (SBA) has changed how it calculates eligibility of the Small Business set-aside for companies. Previously, the SBA used a three-year revenue average to determine if a company is indeed a “small business”. The Small Business Runway Extension Act of 2018 mandated that the SBA use a five-year revenue average instead. Whether this is a good thing or a bad thing for small business remains to be seen. Those that support the new rule...

You may recall a landmark court case three years ago that made it all the way up to the Supreme Court; a service-disabled, veteran-owned small business (SDVOSB), Kingdomware Technologies, took on the Veterans Administration (VA) over “the rule of two”. The rule of two, which is laid out in Congress’ 2006 Veterans Act, states that if the VA finds that there are at least two veteran-owned small businesses (VOSB) or SDVOSBs capable of doing the work, the contract must be...