Using small firms in DPA

      Rep. Nydia Velazquez, D-NY, who chairs the House Small Business Committee, along with Rep. Kweisi Mfume, D-MD, wrote to President Biden on Feb. 5 asking him to include small firms when applying the Defense Production Act to build up medical supplies for pandemic response.

      The focus should be on minority-owned small firms, which have been the most impacted by the pandemic, they wrote, citing a federal study saying that in the first two months of the pandemic, 41% of Black-owned and 32% of Hispanic-owned small firms closed vs. 22% of all small firms.

      They urged Biden to apply the small business preferences allowed under the DPA law.

More information:
Read their letter: https://bit.ly/2MH0kq1

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Using small firms in DPA

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