NAMC Monthly Level Up Session: Contracting with Government Entities – What Do You Need to Know?
Updated: Jun 1, 2021
May 27, 2021 | 11:30am
Full Recap:
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In this month’s Level Up! session, we discuss different strategies that can be used to bridge the gap between government agencies and minority contractors to create win-win scenarios and opportunities.
Contracting with Government Entities – What Do You Need to Know? State and local governments spend billions of dollars hiring contractors for goods and services, but most of those contracts don’t go to minority contractors — despite decades of affirmative action and other policies meant to make up for disparities. A federal study released by the Minority Business Development Agency in early 2017 found the needle has barely moved on boosting minority business participation in public contracts. As business owners, there are certain things that you should have in place, including a business capability statement, a SAM/CAGE Code, NAICS Codes and in many cases obtaining specific industry/business certifications. Some government entities require businesses to register in their website portal.
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