“The incoming Biden administration is likely to increase contracting opportunities for small and minority-owned businesses.”
“President-elect Biden will take office in less than one month and his transition website states that tackling climate change, racial inequalities, the coronavirus pandemic and economic recession will be his main priorities, all of which could involve federal contracting.”
“I think we’re going to see more regulation generally promoting competition and furthering the socioeconomic policies of the new administration, which is different in many respects from the current administration,” Andy Howard, partner in the law firm Alston and Bird’s government contracts group, told Government Executive. Biden is widely expected to revoke President Trump’s executive order that required two regulations to be eliminated for every new one issued, which could allow for more regulations policing contracting.”
“Howard also speculated that the new administration could use infrastructure spending as a form of “stimulus” for small business contractors.”
“The Biden campaign website outlines a $400 billion plan “to support small businesses and tackle inequities in the federal contracting system.”
“Specifically, it would expand the Small Business Administration’s small business development program to increase participation of small disadvantaged firms, require prime contractors to increase subcontracting opportunities for small disadvantaged businesses and protect small businesses from contact bundling (as that often prevents “smaller firms, especially those owned by Black and Brown people, from effectively bidding on procurement contracts,” said the campaign).”
“The campaign also said the Biden administration would triple the federal government’s contracting goal for small, disadvantaged…” Read the full article here.
Source: Biden Administration Likely To Increase Contracting Opportunities for Small and Minority-Owned Businesses – By Courtney Bublé, December 29, 2020. Government Executive.
