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Oct 21 2022    Next issue: Nov 4 2022

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Biden raises SDB procurement goal to 12%; adds loans, grants

     President Biden on Oct. 4 announced several measures to advance racial equity for small business opportunities.

      The changes include setting a 12% goal for federal procurement from Small Disadvantaged Businesses (SDBs) in fiscal 2023, which began on Oct. 1.

      Biden in December 2021 raised the SDB goal to 11%, up from 5%. The administration reached the 11% goal in fiscal 2021, a year earlier than anticipated.

      The SDB goal will be increased year by year to reach 15% by fiscal 2025.

      Other announcements benefiting underserved small businesses included:...more....

     

Next issue: Nov 4, 2022

Inside this edition:

Biden raises SDB procurement goal to 12%; adds loans, grants

Bona fide place of business delayed

GovCon minimum wage rises to $16.20 on Jan. 1

Four rules in effect on Oct. 28

Beneficial owner reporting rule

“Buy Clean” RFI released

Senate small biz bills facing expiration; Pt. II

Service Contract Act Reporting deadline

Suspension warning: GSA

Column: It’s the New Year! What’s Your Plan?

Washington Insider:

  • DOL to rescind Trump’s indie contractor rule
  • Virginia man faces 20 yrs in prison for fraud
  • DOD adds to China tech blacklist

Coronavirus Update

Correction: Congress’ Schedule



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