{"id":86674,"date":"2024-11-04T16:29:05","date_gmt":"2024-11-04T16:29:05","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/sba-administrator-guzman-highlights-record-federal-contracting-certifications-in-fy24-unveils-streamlined-certification-process-for-fy25\/"},"modified":"2024-11-04T16:29:05","modified_gmt":"2024-11-04T16:29:05","slug":"sba-administrator-guzman-highlights-record-federal-contracting-certifications-in-fy24-unveils-streamlined-certification-process-for-fy25","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/sba-administrator-guzman-highlights-record-federal-contracting-certifications-in-fy24-unveils-streamlined-certification-process-for-fy25\/","title":{"rendered":"SBA Administrator Guzman Highlights Record Federal Contracting Certifications in FY24, Unveils Streamlined Certification Process for FY25"},"content":{"rendered":"
\n

WASHINGTON, Nov. 04, 2024 (GLOBE NEWSWIRE) — Today,\u00a0 Administrator Isabel Casillas Guzman<\/b><\/a>,\u00a0head of the\u00a0U.S. Small Business Administration (SBA<\/b>)<\/a>\u00a0and the voice in President Biden\u2019s Cabinet for America\u2019s more than 34 million small businesses, announced a single-year record for federal contracting certifications for FY24, in which the SBA certified more than 17,000 small businesses\u2014a nearly 40 percent increase over FY23, across its certification programs for women, veterans, socially and economically disadvantaged businesses, and HUBZones. Further, the SBA also announced that its new MySBA Certifications<\/a><\/b> online platform is live and accepting applications. The announcement comes as the Administrator proposes a new procurement rule<\/a><\/b> to further supercharge small business participation in government contracting by expanding the number of small business set aside opportunities. The proposed rule, “Small Business Contracting: Increasing Small Business Participation on Multiple Awards<\/i>,” expands the \u2018Rule of Two\u2019 to multiple-award contracts.<\/p>\n

\u201cUnder the Biden-Harris Administration, the SBA has taken bold action to ensure that more small businesses than ever before can compete for and win valuable government contracts,\u201d said SBA Administrator Guzman. <\/b>\u201cTo increase opportunities for America\u2019s small business owners, the SBA has rolled out MySBA Certifications<\/a><\/b>, a streamlined technology tool that makes it easier for entrepreneurs to apply for multiple certifications with a single application. However, we don\u2019t just want to certify more firms \u2013 we want those firms to have more contracts to pursue. That’s why we\u2019re also proud to announce our proposed increase of small business set aside opportunities with a potential expansion of the \u2018Rule of Two\u2019 to multiple award contracts. All of these actions help further the SBA\u2019s mission of driving competition, innovation, and opportunity in federal contracting.\u201d<\/p>\n

During the Biden-Harris Administration, the SBA has consistently exceeded its government-wide contracting goal and is projected to again exceed the 23% goal with over 28% awarded to small firms in FY24. In FY23, 28% of prime contracts went to small businesses<\/a><\/b>, representing a $178.6 billion investment in the small business economy \u2013 an increase of $15.7 billion from FY22 fiscal year and a new all-time high.\u00a0 <\/p>\n

Since taking office, President Biden and Vice President Harris have proudly championed the federal government\u2019s record-high level of small business contracts, especially those owned by veterans and individuals who have traditionally been disadvantaged. Under President Biden\u2019s Investing in America Agenda, the SBA has worked tirelessly to fuel the nation\u2019s economy by leveling the playing field for entrepreneurs of all backgrounds and ensuring fair competition in federal contracting. With the newly announced MySBA Certifications<\/a><\/b> platform, the already-growing number of certifications is expected to increase further, thanks to the overall improvements to the customer experience embedded within the platform. <\/p>\n

Currently, per the SBA’s existing \u2018Rule of Two,\u2019 government agencies must set aside a contract for small businesses when there are two or more small businesses expected to submit offers at reasonable prices. Today\u2019s new rule proposal would apply the \u2018Rule of Two\u2019 to multiple award contracts, which are becoming more prevalent in federal procurement. The SBA estimates that full implementation could increase contracting with small businesses by up to $6 billion annually.<\/p>\n

Small businesses and other interested parties may submit comments on the proposed \u2018Rule of Two\u2019 during the next 60 days using regulations.gov<\/a><\/b>. The SBA will review those public comments before finalizing the rule. For further information please contact Donna Fudge, Lead Procurement Policy Analyst in the SBA\u2019s Office of Policy Planning and Liaison, at donna.fudge@sba.gov<\/a><\/b>.<\/p>\n

###<\/b><\/p>\n

About the U.S. Small Business Administration<\/b>
The U.S. Small Business Administration makes the American dream of business ownership a reality.\u00a0 As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, or expand their businesses, or recover from a declared disaster.\u00a0It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. Learn more at www.sba.gov<\/b><\/a>.<\/p>\n\n <\/div>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON, Nov. 04, 2024 (GLOBE NEWSWIRE) — Today,\u00a0 Administrator Isabel Casillas Guzman,\u00a0head of the\u00a0U.S. Small Business Administration (SBA)\u00a0and the voice in President Biden\u2019s Cabinet for America\u2019s more than 34 million small businesses, announced a single-year record for federal contracting certifications for FY24, in which the SBA certified more than 17,000 small businesses\u2014a nearly 40 percent […]<\/p>\n","protected":false},"author":2,"featured_media":86675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/93ce2510-4ba3-49f9-857a-407247e54874","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-86674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/86674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=86674"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/86674\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/86675"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=86674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=86674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=86674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}