Entering the complex world of government contracting can be difficult for new providers. Small businesses face a unique set of challenges when competing against long established, multi-billion dollar enterprises, but the U.S. government has recognized the capabilities these companies have to offer, and agencies are ramping up their efforts to connec...
The federal government awarded a record $162.9 billion, or 26.5 percent of total contracting dollars, to small businesses in fiscal year 2022, an increase of $8.7 billion from the prior year, according to the Small Business Administration. SBA said Tuesday last year’s prime contracting rate surpassed the 23 percent annual target, while small b...
The Small Business Administration has finalized its rule to increase access and diversify its existing funding program for small businesses and startups in underserved communities. SBA said Monday the new rule will take effect Aug. 17 to modernize the Small Business Investment Company program by introducing an alternative borrowing structure to alig...
By Kim Koster, VP of Industry Marketing at Unanet In early 2013, during his second term in office, then-President Barack Obama signed the annual Defense Authorization Act, setting in motion a process to change the federal government’s small business contracting programs. That same year, the Defense Contract Audit Agency made small business a ...
Lockheed Martin‘s (NYSE: LMT) venture capital arm has been expanding its investment scope in the past few years to help small businesses keep up with the volatility of the government contracting industry, Washington Business Journal reported Friday. Chris Moran, vice president and general manager of Lockheed Martin Ventures, told the Washingto...
A Deltek market analysis team found that federal spending on cloud procurement contracts with the small business community increased from $307 million in fiscal year 2021 to $714 million in fiscal 2022. Alex Rossino, advisory research analyst at Deltek, reported Wednesday that cloud investments at the U.S. Air Force and the Department of Homeland Se...
The U.S. Coast Guard is seeking information on small businesses that could provide business and logistics management services to the Command, Control, Communications, Computer, Cyber and Intelligence Service Center and Coast Guard Cyber Command. A notice posted Monday on SAM.gov states that USCG plans to select at least five vendors to help develop ...
The Department of Homeland Security and the General Services Administration have extended the deadlines for solicitation responses to two separate information technology contracts reserved for small businesses. DHS posted a notice Thursday on SAM.gov to inform vendors of a 14-day extension and they can submit second phase bids for FirstSource III co...
Thirty small businesses have won contracts from the Department of Homeland Security to develop proofs of concept across 11 technology areas, including artificial intelligence-powered distress monitoring automation. Awardees will carry out projects within a five-month period under the first phase of DHS’ Small Business Innovation Research progr...
The Department of Energy has awarded $53 million to multiple small businesses to develop clean energy materials and systems in support of the Biden administration’s net-zero emission goals. DOE said Wednesday it will issue the funds through the department’s Small Business Innovation Research and Small Business Technology Transfer program...
