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Federal Contracts Simplified for Minority-Owned Businesses provides a comprehensive guide tailored to help minority-owned businesses navigate the complexities of securing and fulfilling federal contracts. The book offers practical advice, strategies, and resources specifically designed to empower minority entrepreneurs in accessing opportunities within the federal contracting system. From understanding certification requirements to developing successful bidding proposals, this book serves as a valuable resource for minority-owned businesses looking to tap into the lucrative world of government contracting.
" Each year, the government obligates billions in contracts to businesses-nearly $537 billion in fiscal year 2011. About $104 billion (19.4 percent) was obligated to small businesses, and over $36 billion of this amount was obligated to small businesses that identified themselves as minority-owned (see figure). In this report, GAO describes (1) what federal agency officials and advocacy groups identified as challenges small, minority-owned businesses may face in seeking federal government contracts-including any linguistic or cultural barriers-and agencies' efforts to address them, and (2) what information is available on federal efforts to assist small, minority-owned businesses in contracting with the federal government. For selected agencies, GAO analyzed data on obligations to minority-owned businesses, reviewed information on programs and resources that can assist minority-owned businesses, reviewed relevant information from the Department of Justice on agencies' Limited English Proficiency plans, and interviewed officials from selected federal agencies and advocacy groups that provide assistance to minority-owned businesses. In written comments, Commerce said that GAO had not covered all federal efforts to support small, minority-owned business contracting. As GAO noted in the report, this study focused on selected agencies and contracting activities that accounted for about 70 percent of total federal obligations to small, minority"
GOVERNMENT CONTRACTING: Federal Efforts to Assist Small Minority Owned Businesses
Each year, the government obligates billions in contracts to businesses, nearly $537 billion in fiscal year 2011. About $104 billion (19.4 percent) was obligated to small businesses that identified themselves as minority-owned. In this book, the Government Accountability Office (GAO) describes what federal agency officials and advocacy groups identified as challenges small, minority-owned businesses may face in seeking federal government contracts, including and linguistic or cultural barriers, and agencies efforts to address them; and what information is available on federal efforts to assist small, minority-owned businesses in contracting with the federal government.