OMB guidance expands access for small businesses to high-value and high use contracts.
President Biden’s administration released guidance this week on the expansion of access to federal contracts for small businesses. Administrated by the Office of Management and Budget, federal agencies will adopt strategies that facilitate the participation of small businesses in multiple-award contracts.
The White House also stated, “The Small Business Administration (SBA) is announcing a slate of major improvements to the popular 7(j) technical assistance program – now called Empower to Grow (E2G) – which is available to [socially and economically disadvantaged individuals] located in areas of high unemployment or low income. The improved E2G program will offer customized one-on-one training tailored to small business needs and guide them through the process of pursuing government contracts, convening networking and matchmaking events between government agencies and prime contractors.“
As part of the program, SBA is expanding its lending program and the Minority Business Development Agency’s Capital Readiness Program is investing in small business incubators and accelerators.
As the Lord Leads, Pray with Us…
- For Director Shalanda Young as she oversees the Office of Management and Budget.
- For Administrator Isabel Guzman as she heads the Small Business Administration.
- For the president and members of his administration as they expand access to federal contracts to small businesses.
Sources: The White House
