The federal government spends approximately $500 billion in private sector contracts every year. Over 20% of those contracts must be awarded to small businesses. Small business contracts are primarily awarded through small business set-aside programs that support 8(a) business development, women-owned small businesses, veteran-owned and service-disabled veteran-owned businesses, and HUBZone businesses. Competing under these programs is often a great way for a small or new company to break into an industry dominated by big players. But they come with a host of unique strategies and daunting compliance requirements.
Peter Ford and Lauren Brier, attorneys in PilieroMazza’s Government Contracts Group, will discuss key details of the government’s small business set-aside programs and tips for breaking into the federal marketplace:
- specific programs and compliance requirements;
- bidding strategies unique to small businesses; and
- tips for staying competitive and protecting your small business status.