Tag Archives: SBA

Kathleen Hicks: DOD Looks to Address Admin Barriers Facing Small Businesses

Kathleen Hicks

Kathleen Hicks, deputy secretary of the Department of Defense and a 2021 Wash100 Award winner, said DOD is committed to looking at the administration barriers facing small companies seeking to do business with the Pentagon and will initiate measures to address those challenges where it can.

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Isabel Guzman: Federal Govt Exceeds FY 2020 Small Biz Contracting Goal With $13B Increase

Isabel Guzman

Fiscal year 2020 saw $145.7 billion in federal contracts awarded to small businesses, representing 26.01 percent of prime contracting dollars and a $13 billion increase from the previous year's record, according to a Small Business Administration (SBA) report. Eight federal agencies achieved an “A+” for small business contracting efforts during FY 2020.

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Bill Hunt Named SEC Cloud Center of Excellence Assistant Director

Bill Hunt

Bill Hunt, formerly an executive with the Small Business Administration (SBA), has been appointed to serve as assistant director of the Securities Exchange Commission's (SEC) Cloud Center of Excellence (CCoE). He held a number of executive roles in the federal government, including those with the Office of Management and Budget and the U.S. Digital Service. 

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SBA, Millennium Challenge Corp. Partner to Drive Small Business Innovation for Global Applications

Small Business Innovation

The Small Business Administration (SBA) has teamed up with U.S. foreign aid agency Millennium Challenge Corporation (MCC) in a push to help smaller companies bring emerging technology to international markets for potential use in multiple sectors. The two agencies signed a memorandum of understanding to explore innovations that align with country-specific technological needs in renewable energy, agriculture and irrigation, health, water and sanitation. 

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Eligible Small Businesses to Receive Aid Under SBA’s $5B Supplemental Loan Program; Isabella Casillas Guzman Quoted

EIDL Program

Small businesses and nonprofit organizations severely hit by the economic impact of the COVID-19 pandemic are set to receive an additional $5 billion assistance through a new round of financial aid under the Small Business Administration's (SBA) Economic Injury Disaster Loan (EIDL) program. SBA said Saturday it will determine whether businesses qualify for the additional $5,000 via the Supplemental Targeted Advance application process.

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SBA Chief Isabel Guzman on Critical Need to Provide Federal Relief to Small Businesses

Isabel Guzman

Isabel Guzman, administrator of the Small Business Administration (SBA), told The 19th in an interview published Thursday that providing immediate federal relief to small companies is “really critical” as these businesses deal with the economic impact of the COVID-19 pandemic. Guzman highlighted the need to link small businesses to the federal marketplace.

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Isabel Guzman Confirmed as SBA Administrator; Sen. Ben Cardin Quoted

Isabel Guzman

Isabel Guzman, who has served as director of California’s Office of the Small Business Advocate since April 2019, received Senate confirmation via an 81-17 vote to be the Small Business Administration's (SBA) next leader. In addition, she co-founded GovContractPros in 2018 with the intent to provide consulting services to companies that want to do business with the federal government. 

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GSA Allocates $355M in FY 2021 Contracting Opportunities for Women-Owned Firms

GSA Contracts

The General Services Administration (GSA) has set aside $354.9 million to contracting opportunities intended for women-owned small businesses (WOSB) in fiscal year 2021 and awarded more than $561.7 million in contracts to the WOSB community the previous year. The federal government has aimed to award 5 percent of contracts to WOSBs over the past two decades, according to the office. 

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CBO Examines Decline in Entrepreneurship Since Early 1980’s

Entrepreneurship

A new Congressional Budget Office (CBO) report says the rate at which new companies formed or entered the market dropped from 10 percent in 1982 to 8 percent in 2018. CBO said in the report published Tuesday that new firms operating for less than five years accounted for 29 percent of all businesses in 2018. 

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Incoming Administration Expected to Support Small Businesses With $400B Procurement Effort

Federal Contracting

Contracting opportunities for minority-owned and small businesses are likely to increase under the administration of President-elect Joe Biden given his campaign’s proposed $400 billion procurement effort. The Biden campaign’s website says the $400 billion plan seeks “to support small businesses and tackle inequities in the federal contracting system,” by expanding the Small Business Administration’s (SBA) 8(a) development program. 

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