If you are a government contractor, public law requires a % of sub-contracts be placed with small businesses and other "officially designated catagories" such as :
Minority owned business
Women owned business
HUB Zone business (Historically under utilized businesses)
Native American owned business
Veteran owned business, etc.
Government contractors are required to have a plan to describe how they are going to meet these goals....and the government audits the contractors annually to make sure they are living up to the spirit of the law. They have Outreach Programs, and Mentor Protege Programs, where the gov't gives the contractor grants to incubate small business and help them provide capabilities that they need. When the government places contracts, they are subject to the same laws.
Flame » in reply to biting off more than they could chew.
Good post, Art...and I would like to add that...
The whole thread (30 posts)
- No, that's not the whole idea.