Earlier this week, U.S. General Services Administration (GSA) Administrator Denise Turner Roth spoke at Women Build America, which brings together leaders in construction and is hosted by Women Construction Owners & Executives (WCOE). Roth discussed the agency’s commitment to be an economic catalyst and stimulate job growth in communities across the nation. GSA is changing agency policy and engaging communities to ensure the outcomes of projects are complementary to community planning efforts. Roth also stressed the importance of public-private partnerships which leads to better success in projects nationwide.
“At the GSA, nearly 10 percent of our federal contracts - worth approximately $350 million - were awarded to women-owned small businesses in fiscal year 2015 — surpassing the federal 5 percent goal. These contracts will help women take their small businesses to the next level and create the jobs America needs. GSA is constantly seeking new ways to improve communication and transparency to allow vendors, especially small businesses, a better chance for success in doing business with the government,” said Roth.
The U.S. General Services Administration (GSA) is an independent agency of the U.S. government whose mission is to deliver the best value in real estate, acquisition, and technology services to government and the American people. The agency’s Public Buildings Service is one of the largest and most diversified public real estate organizations in the world. Its portfolio consists of 376.9 million rentable square feet in 8,721 active assets across the United States, in all 50 states, 6 U.S. territories, and the District of Columbia.
Federal agencies are legally required to set aside 23 percent of all contracts for small businesses. These agencies are also required to set aside a specific number of contracts for business owners who meet specific socioeconomic criteria:
- 5 percent of prime and subcontracts for women-owned small businesses
- 5 percent of prime and subcontracts for small disadvantaged businesses
- 3 percent of prime and subcontracts for HUBZone small businesses
- 3 percent of prime and subcontracts for service-disabled veteran-owned small businesses
The groups covered by these goals are small businesses that:
- Are owned and controlled by service-disabled veterans
- Qualify for HUBZone certification
- Are owned and operated by socially and/or economically disadvantaged individuals
- Are owned and controlled by women
Focused on the same goals, the SBA and US Federal Contractor Registration make sure that small businesses can access federal contracting dollars.
In FY15, US Federal Contractor Registration saw its clients receive nearly $2 billion in federal contracts – that’s nearly 3 percent of all contracts awarded to small businesses in FY15. Had our clients not received these contract awards, the federal government would not have hit its small business goals.
We are available to help you register to become a government contractor. Call us today at 877-252-2700, ext. 1 and find out how we can help you succeed as a government contractor.