SBA Confusion and Update
Earlier this month several major news outlets reported that according to a U.S. Department of Commerce study, women-owned businesses receive only 4.7 percent of all Federal contract dollars, falling short of the Small Business Administration’s (“SBA”) goal of five percent. Additionally, the U.S. Department of Commerce found that women-owned businesses are 21 percent less likely to be awarded government contracts. While hard data has not yet been released, in a February testimony to the House Small Business Committee, John Shoraka, Associate Administrator of the SBA’s Office of Government Contracting and Business Development, touted the success of the SBA’s socio-economic programs.. Read More.
Topics: Defending America’s Small Contractors Act of 2016, Department of Commerce, Service Disabled Veteran-Owned Small Businesses, Small Business Administration "SBA", Small Disadvantaged Businesses, Women-Owned Small Businesses