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The U.S. Government is the largest
company in the world. Approximately $1 billion in new
opportunities in the services sector of Government contracting
were available to bid on by private business each day. |
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The federal government signs over
11 million contracts a year. |
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About 95% of federal contracts are
awarded to small- and medium-sized business vendors. |
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On the average, there are 2,000
to 5,000 new government contracting opportunities available each
day in all industry categories. |
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A Small Business Set-Aside
Program (SBSA) was developed to help assure that small
businesses are awarded a fair proportion of government contracts
by reserving certain government purchases exclusively for
participation by small business concerns. |
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Any contract that has an
anticipated dollar value between $2,500 and $100,000 in value is
reserved for small, small disadvantaged, woman-owned, and small
veteran-owned businesses. |
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The Small
Business Association (SBA) administers
a business assistance programs for
small disadvantaged businesses called Program 8(a) which helps
small businesses compete in the American economy and access the
federal procurement market |
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Less than 5% of the businesses in
the United States do business with the U.S. Government. |
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America's 9.1
million women-owned businesses employ 27.5 million people and
contribute $3.6 trillion to the economy. |
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Minority-owned business have nearly
doubled in the past two decades. A report from the
Office of Advocacy of the U.S. Small Business Administration
shows that minorities own nearly 15 percent of American
businesses. |
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Government procure services range
from Food Services and Janitorial projects to complex space
flight systems development. |
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Government Contractors Association, All rights reserved