The U.S. Small Business Administration (SBA) announced that the federal government has met its statutory 23% small business contracting goal for FY13 and FY14. Better yet, in FY15 the government exceeded the 5% contracting goal for the small disadvantaged business program, which includes the SBA 8(a) Business Development Program, by achieving over 10%. The 8(a) program provides an excellent, mutually-beneficial partnership between the federal government and socially and economically disadvantaged people. The subsidiaries owned by these companies operate in all fifty states and in many foreign countries, providing a plethora of goods and services to the Federal government and to the private sector. Although the government has implemented some restrictive legislation in the last few years impacting the programs, with small businesses being the backbone of economic growth in this country and with strong advocates for small business in the legislature and executive, continued growth in government contracting is a reasonable expectation.
Navigating through the maze of regulations governing small businesses can be overwhelming. If you believe you may meet the criteria for one of the SBA programs, contact an attorney at an Ally Law member firm to conduct the analysis and undertake the approval process. If your business is already SBA-certified, Ally Law member firm attorneys can advise you on all aspects running your business in a legally compliant manner, including contracting, employment law, and raising equity. For more information about our services in this area, contact us at yourally@ally-law.com.
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By Birch Horton Bittner & Cherot, PC.
