The Office of Management and Budget has issued a memorandum that seeks to encourage agencies to improve the participation of recent and new small business entrants in the federal marketplace.
The memo published Friday presents a common definition of “new entrant” and “recent entrant” for federal acquisition as part of efforts to help agencies track their progress in retaining and bringing entities into the federal marketplace.
The document also provides guidance on how to use a supplier base dashboard to assess progress in achieving resilience and diversity in the federal supplier base and a procurement equity tool meant to help agencies identify potential entities that could participate in agency competitions.
According to the memo, OMB will come up with governmentwide priorities to strengthen supply chains by soliciting input from category managers and other experts.
Jason Miller, deputy director for management at OMB, signed the memo, which is aimed to align with the President’s Management Agenda to establish a healthy and diverse federal marketplace.
