BUS 501 Week 7 Assignment 3, Small Business Program and Source

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BUS 501 Week 7 Assignment 3, Small Business Program and Source Selection Plans

The Federal government has both prime contracting and subcontracting goals for small Businesses. More specifically, 23% of Federal prime contract dollars shall be awarded to small businesses, with individual prime and subcontracting goals for certain identified small business groups. The Federal government must award 5% of its prime and subcontract dollars to women owned small businesses. In addition, each Federal agency negotiates annual small business goals

with the Small Business Administration (SBA) that presents, for that agency, the maximum practicable opportunity for small businesses. The goal attained by the individual agency is then used to calculate the Government-wide small business goal, including the individual prime and subcontracting goals for the identified small business groups, such as women-owned small businesses……….Continued