The U.S. Small Business Administration is expanding federal contracting opportunities for women-owned small businesses effective Feb. 4.
Based on the analysis in The Rand Report, commissioned by the SBA from the Kauffman-Rand foundation, 83 industries have been identified by the North American Industry Classification System, or NAICS, codes, in which women-owned small businesses are underrepresented or substantially underrepresented.
The benefit to women-owned small businesses are a set of procedures authorized by the Small Business Act known as The Final Rule that helps to ensure a level playing field on which the businesses can compete for federal contracting opportunities, while helping achieve the existing statutory goal that 5 percent of federal contracting dollars go to women-owned small businesses.
In accordance with the statute, the Final Rule authorizes a set-aside of federal contracts for women-owned small businesses or economically disadvantaged women-owned small businesses where the anticipated contract price does not exceed $5 million in the case of manufacturing contracts and $3 million in the case of other contracts, if certain conditions are met.
The industries include: construction, manufacturing, trucking, lessors of real estate, architectural and engineering, various design, computer, consulting, business, and security services, health care services, special food services, printing, legal, accounting, advertising, and several other categories.
Procurement technical assistance centers work with small businesses that have been actively pursuing and getting business for at least one year, is a comprehensive resource for small businesses that seek to market and sell its products and/or services to government agencies ”“ the U.S. Department of Defense, federal, state and local governments and their prime contractors. PTAC acts as a bridge between a government buyer and supplier. The Rockland Economic Development Corporation”™s PTAC serves businesses in the lower Hudson Valley region including Rockland, Orange and Westchester Counties. All services are free of charge. For more information, visit redc.org.
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