The White House recently posted a memorandum outlining Biden’s Advancement in Equity within the Federal Procurement describing upcoming action plans to maximize opportunities for Small Disadvantaged Businesses.
Historically, Small Businesses, such as small disadvantaged and socioeconomic small businesses in underserved communities face inequities and challenges when striving for success in the federal marketplace. GSA has released their own response detailing their efforts to meet the memorandums objectives.
GSA’s relationship with Small Businesses is significant and a critical component of government purchasing. Ensuring that each small business has the same access to federal marketplace opportunities for the potential of winning business, GSA will now prioritize advancing equity for Small Disadvantaged and Socioeconomic small businesses. This includes those in underserved communities, and to also provide opportunities to win business with federal procurement.
In 2021, GSA summarized how it will advance equity for the small business community:
- GSA intended to partner with the U.S. Small Business Administration (SBA) to launch a program to award and manage Small Business Innovation Research (SBIR) contracts. This program encouraged participation in innovation by all entrepreneurs, including women, people of color, and people with disabilities.
- GSA stated they would advance the Federal HBCU Competitiveness Strategy Framework to make it easier for Historically Black Colleges and Universities (HBCUs) to compete for federal opportunities. The goal here is to create more revenue streams to expand and strengthen these institutions. The outcome will ultimately be providing more resources to build up the capacity of these institutions to serve more students.
- GSA also improved on certifications for the WOSB and EDWOSB. Improvements include:
- Making it easer for qualified small business participants in the WOSB Federal Program,
- Improving Customer Services
- Strengthening oversight, and
- Maintaining the integrity of the certification process.
The recent memorandum will implement the President’s commitments to increase spending to SDBs to 15% by fiscal year 2025 and to increase the baseline spending for the additional socioeconomic small business (including WOSBs, SDVOSBs, and HUBZones) and traditionally undeserved entrepreneurs recognized in the Small Business Act. To increase spending to underserved communities and to broaden participation from within these communities, a plan has been instructed for agencies to take five management actions. These plans include:
- Agree with SBA on an agency specific SDB contracting goal for FY 2022 that will allow the Federal Government to cumulatively award at least 11% of Federal contract spending to SDBs in FY 2022.
- Review and adjust category management stewardship practices to boost contracting opportunities for SDBs and other socioeconomic small businesses.
- Increase the number of new entrants to the Federal marketplace and reverse the general decline in the small business supplier base.
- Include the achievement of small business contracting goals as a part of the performance plans for key Senior Executive Service (SES) officials.
- Ensure agency small business contracting offices have access to senior leadership.
This advancement should be able to give contractor in these categories more opportunities and ensure visibility within the federal marketplace.
Coley GCS, itself an SDVOSB, is committed to assisting small businesses in entering and prospering in the federal marketplace, throughout GSA Schedule programs, our FedMap platform and training program, and the support we have provided to the SBA over the past few years. Let us know how we can help you accelerate your government contracting success by reaching out by phone at 210-402.6766, by email at email@example.com or schedule a call with our team at a time convenient for you.
Vice President for Coley GCS, LLC, a Government Contracts Consulting, Coaching and Training company. Daniel is a Certified Federal Contracts Manager (CFCM) and leads the day-to-day operations of Coley’s consulting practice. He has two decades of experience with the acquisition, management, and marketing of Federal, State, and Local government contracts. Daniel specializes in all aspects of GSA Schedules management and marketing and has helped hundreds of Coley clients remain compliant with the terms of their GSA contract while helping them expand their business.