US Advances Equity And Economic Opportunity Through Procurement.

US Advances Equity And Economic Opportunity Through Procurement.

August 2, 2022
Government, Sustainable Procurement

With the implementation of the Bipartisan Infrastructure Law, the Biden-Harris Administration set an objective to ensure federal investments built wealth and opportunity for underserved entrepreneurs and small business owners.

One year from implementation, new data shows how the Biden-Harris Administration is tracking on meeting those objectives. The U.S. Small Business Administration’s (SBA) annual Small Business Procurement Scorecard for Fiscal Year 2021 shows a record level of Federal contracting dollars awarded SDBs, a category under federal law for which economically disadvantaged Black-owned, Hispanic-owned, and other minority-owned businesses can compete for federal contracting opportunities.  In addition to advancing more equitable federal procurement.

Following this success, the Administration announced further initiatives this week to ensure equitable procurement opportunities for historically disadvantaged businesses, including those owned by women and people of colour. These initiatives include:

  • Setting a New Record for Procurement Spending on Small Businesses, Including Small Disadvantaged Businesses (SDBs) and Service-Disabled Veteran Owned Businesses. The SBA’s Small Business Procurement Scorecard shows that in Fiscal Year 2021 that a record amount of contracting dollars to small businesses, including underserved small businesses. In total, $154.2 billion, or 27.2 percent of all contracting dollars, went to small businesses, an $8 billion increase from the previous fiscal year. SBA’s Small Business Procurement Scorecards can be reviewed here .
  • Launching a government-wide Bipartisan Infrastructure Law technical resources assistance and engagement program to reach small and minority-owned businesses. Beginning this summer and continuing throughout the year, federal agencies will host events aimed at supporting more equitable contracting opportunities under the Bipartisan Infrastructure Law:
  • Providing dedicated support at Business Centers to help businesses become “contract ready.” The Minority Business Development Administration (MBDA) is awarding nearly $3 million in funding to 26 of its Business Centers to support the hiring of federal contract specialists in each Center focused on assisting underserved businesses to access contracting opportunities, including those stemming from Bipartisan Infrastructure Law funding. Specialists will provide wide-ranging technical assistance to help small businesses, including by facilitating access to capital and by coordinating targeted matchmaking between underserved businesses and both government acquisition offices and prime contractors.
  • Modernising the Department of Transport (DOT’s) rules. Last week DOT issued a Notice of Proposed Rulemaking (NPRM) to modernise the Disadvantaged Business Enterprise (DBE) and Airport Concession DBE (ACDBE) program regulations. The proposed NPRM will help further level the playing field for small, disadvantaged businesses seeking to compete for federally-assisted aviation, highway, and transit contracts as well as airport concession opportunities. Mandated by Congress, the DBE and ACDBE programs over their 40-year histories have been intended to prevent discrimination, and remedy the continuing effects of past discrimination against small businesses owned and controlled by disadvantaged individuals.
  • Expanding access to capital for Small Disadvantaged Business (SDB) working on Bipartisan Infrastructure Law contracts. Many SDBs report challenges in accessing the long-term, affordable financing options often required to successfully compete for and/or deliver on government contracts. To help fill this gap, DOT and Small Business Administration are collaborating to connect SDBs pursuing or working on Bipartisan Infrastructure Law contracts to licensed Small Business Investment Companies (SBICs) as a public-private partnership.

In the months to come, the US Administration will highlight additional actions to expand access to capital, help underserved businesses navigate the federal procurement process, and support state and local government efforts to increase business diversity.

Get in touch, if you’d like to discuss our work in government procurement data.

January 25, 2023

Mixing Politics & Procurement.

The need for administrations to act at pace is often at odds with the processes and procedures needed for good procurement. If...
January 24, 2023

Improve Your Exporting With Government Data

Government procurement data can be a valuable resource for export agencies looking to expand their business and identify new opportunities in foreign...
January 18, 2023

Waiting For A Tsunami Of Text

In a world where text can be generated by an algorithm for negligible costs, we have to rethink how we value the...
January 17, 2023

Cleaning Up On Cleaning Contracts

Canberra, in the Australian Capital Territory, is home to the nations houses of parliament and a large swathe of public sector. Transparency...
January 11, 2023

New Procurement Bill Progresses Through Parliament

The proposed new Procurement Bill passed its second reading without division in the House of Commons yesterday, with the Government proposing the...
January 10, 2023

How Government Procurement Data Can Help Export Agencies

Government procurement data, the information on what goods and services government entities purchase in different markets, is an extremely valuable, and often...
January 5, 2023

Government On Covid 19 Contracts

The government has published a document, providing further information about the procurement of critical testing equipment and services during the early months...
January 3, 2023

Global Analysis: Less Is Less

Analysing 7.5 million tender documents published by governments around the world has revealed a worrying trend of publishers providing less data for...
December 1, 2022

Using Data To Build A Supply Chain

All data has a provenance. It comes from somewhere. Someone created it. Maybe it came from a sensor, or it was created...
December 1, 2022

Get Your Data Sorted.

We collect tens of thousands of documents every day. We visit more than 700 sources to collect this data. That's what our...
December 1, 2022

The Importance of Government Procurement Data for Export Agencies

There are a number of ways that government procurement data can help export agencies, including: Identifying New Markets - By understanding what...
December 1, 2022

Lord’s Have Their Say On Procurement Bill

The proposed changes to the Procurement Bill are on their third reading in the House of Lords. Last week the House of...
December 14, 2022

Buyers who stole Christmas (again)

It’s time to shed a festive tear and feel some sympathy for all the bidding teams who’ve got bids to respond to...
December 1, 2022

How Government Procurement Data Can Help Export Agencies.

If you’re in the business of exporting, you know that the global market can be a tough one to crack. In order...
December 1, 2022

EU’s Ruling On Beneficial Ownership

Last week, the Court of Justice of the European Union (CJEU) ruled that public access to registries showing personal details about companies'...


Compelling research, insights and data directly into your inbox.

Recent media stories