Firm issues comments for the Small Business Federal Contracting Forum

Creative Investment Research, Inc. today issued comments for the Small Business Federal Contracting Forum public meeting to be held on Monday, June 28, 2010. The purpose of the meeting is to encourage public comment on small business issues.
By: Creative Investment Research, Inc.
 
 
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Presidential Memorandum
Small Businesses

Industrys:
Financial
Government

Location:
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June 26, 2010 - PRLog -- On April 26, 2010, President Obama established an Interagency Task Force to develop proposals and recommendations for enhancing the use of small businesses in Federal contracting, including businesses owned by women, minorities, socially and economically disadvantaged individuals, and service-disabled veterans of our Armed Forces. The Memorandum establishing the Task Force is available at: http://
www.whitehouse.gov/the-press-office/presidential-memorandum-
interagency-task-force-federal-contracting-opportunities-sm.

The Small Business Administration (SBA), the Department of Commerce (DOC), and the Office of Management and Budget (OMB), co-chairs of the Task Force, invited interested parties from both the public and private sectors to offer their views on the challenges small businesses face in pursuing federal contracts, on best practices for overcoming these challenges and increasing small business participation in the Federal marketplace.

Comments were especially encouraged on: (1) Removing barriers to small business participation; (2) using innovative strategies and technologies to increase opportunities for small business contractors; and (3) identifying successful agency and private sector outreach practices for matching small businesses with contracting and subcontracting opportunities.

Creative Investment has long been familiar with the problems that small and minority businesses encounter when attempting to contract with the federal government. We reviewed our experiences in our comments. In addition, we noted which Federal agencies are doing the best job in their small business outreach strategies.

Finally, we noted that doing business with the Federal government would be easier and more attractive if the Government could facilitate direct access to equity capital for qualified small businesses, including businesses owned by women, minorities, socially and economically disadvantaged individuals, and service-disabled veterans of our Armed Forces. Our recommendation for government and private action to facilitate small business equity capital formation is detailed in our comments.

We support efforts to “identify new, innovative strategies for putting more contracts in the hands of America's small business owners.”

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Creative Investment Research is an investment research and management company. We research and create socially responsible investments and provide investment advisory services. The company was founded in 1989.
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Tags:Presidential Memorandum, Small Businesses
Industry:Financial, Government
Location:United States
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