BUSINESS

Federal Hot Minute July 30, 2012

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As we debate how best to reduce our unemployment, all sides agree helping small businesses grow is key – since small businesses add the most net new jobs.

With that in mind, it’s noteworthy to read the recent media stories that again our government in 2011 missed its own goal of awarding 23 percent of its contract dollars to small businesses - giving these companies only 21.65 percent down a full percentage point from 2010.

The Obama administration seems to be responding. It appointed Joseph Jordon, formerly of the Small Business Administration to run the Office Of Federal Procurement Policy. And Federal Computer Week reported the administration has directed agencies to pay contractors faster to help the cash flow of small businesses.

And if you’re wondering which candidate for president will be better for small business contractors? Take a look at an interesting analysis published in the Caribbean Business press.

I’m Steve Vito of UpsonVito.

Links:

Government-Wide Performance: FY2011 Small Business Procurement Scorecard

Small business share of contracts shrunk slightly in 2011, SBA reports

Agencies fail, again, to meet small-business contracting goals

U.S. Rep. Gary Peters Applauds President Obama for Taking Action to Help Small Business - Congressional Action Still Necessary to Help Small Businesses Create Jobs and Compete for Federal Contracting Opportunities.

Obama nominates former SBA official as federal procurement chief

Prompt payments may become contract selection factor

Where Obama, Romney stand on small biz contracting

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