Small businesses are the backbone of the US economy. And the Small Business Administration (SBA) is taking a big step to ensure they remain competitive: Reform. Through reforms, the agency has increased opportunities for historically underrepresented businesses - making it easier for them to seek out contracts and access capital.
Set-asides give minority-owned, woman-owned, and veteran-owned small businesses an increased chance of securing federal contracts. Plus, reforms make it easier for small businesses to access capital and expand their access to federal grants. These grants can be used for marketing, research, development, and other capital investments - creating more opportunities to build businesses and create jobs.
Loosening restrictions also allows business owners to access the funds they need for business operations. And the reforms make it easier to develop relationships with government contractors, increasing the chances of getting federal contracts.
By taking these steps, small business owners can ensure their businesses remain competitive and capitalize on the opportunities that come with SBA reform. It's a level playing field now - and it's time to make the most of it.
To speak with a Registration and Contracting Specialist, Call: (866) 216-5343