On June 1, 2021, President Biden marked the 100-year anniversary of the Tulsa Race Massacre by announcing the Biden-Harris Administration’s plan to increase small disadvantaged business (SDB) contracting goals by fifty percent. The White House also released new information regarding President Biden’s American Jobs Plan. Below are key details on the new SDB contracting goals for government contractors.
Biden’s announcement launched an all-of-government effort to expand contracting opportunities for underserved small businesses across the country. The new goal is to increase the share of contracts going to SDBs by fifty percent by 2026—translating to $100 billion over the next five years. Attainment of the new goal would represent the biggest increase in SDB contracting since data was first collected more than thirty years ago….continue reading this article here
Article by: Christine C. Fries
Photo by: Twitter/@VP