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The HUBZone program was created in response to the HUBZone Empowerment Act created by the US Congress in 1998. [1] Based on the Act, small businesses will be designated as HUBZone certified if they have the following criteria: The firm must be a small business based on the North American Industry Classification System (NAICS) [2] for size ...
The United States Government sets aside contract benefits for companies considered to be "Service-Disabled Veteran-Owned Small Business" (SDVOSB). [1]The most notable of these contracts are the Veterans Government-wide Acquisition Contracts (VETS-GWAC) [2] issued in accordance with Executive Order 13360, [3] which is designed to strengthen federal contracting opportunities for SDVO firms.
The Office of Federal Contract Compliance Programs (OFCCP) is part of the U.S. Department of Labor. OFCCP is responsible for ensuring that employers doing business with the federal government comply with the laws and regulations requiring nondiscrimination.
The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance Corporation Liquidation Act" was Title I ...
A large part of the FAR, Subchapter D, describes various socio-economic programs, such as the various small business programs, [8] purchases from foreign sources, and laws written to protect laborers and professionals working under government contracts.
The Small Business Innovation Research (or SBIR) program is a U.S. government funding program, coordinated by the Small Business Administration, intended to help certain small businesses conduct research and development (R&D). Funding takes the form of contracts or grants.
Small business acquisitions have mandatory restrictions on over-bundling. However, non-small business acquisitions are not subject to the same rules. Example of how over-bundling causes big problems (permutations and evaluation of total price in source selection): Lets say a requiring activity wants to get polling services.
In 2020, the Florida SBDC Network delivered more than 162,500 hours of consulting to more than 24,000 small businesses, resulting in 38,797 jobs impacted, $7.4 billion in sales generated, $553.5 million in capital accessed, and $488.1 million in government contracts acquired.
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