Small business outsourcing strategy may not encourage new businesses

By Daniel Wilson (July 25, 2022, 8:46 p.m. EDT) – A recently announced plan to advance the Biden administration’s goal of allocating 15% of federal contract dollars to disadvantaged small businesses is unlikely to significantly broaden the base contractual, with critics saying that it lacks concrete measures to attract new entrepreneurs.

The Office of Management and Budget, in a June memo released in early July, offered a number of strategies agencies can use to help meet the goal of 15% of federal contract dollars going to small businesses. disadvantaged, or SDB, by 2025, up from 5%, a goal set by President Joe Biden last year as part of a broader agenda…

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