Posted on 09/17/2010 9:23:21 AM PDT by Mojave
The socio-economic preferences for contract awards are currently extended to service-disabled veteran owned small businesses (SDVOSB), businesses qualified under the Small Business Administration's 8(a) Business Development Program and businesses located in historically underutilized business zones (HUBZones). While businesses in each of these groups are entitled to special consideration for the award of federal contracts, the FAR only provides HUBZone businesses with mandatory preferences in contract awards exceeding the simplified acquisitions price threshhold, which currently stands at $100,000 and which will rise to $150,000 on October 1st of this year...
The Small Business Jobs Act, passed by the United States Senate on Thursday, is designed to provide parity between the three set-aside programs, giving service disabled veterans and small disadvantaged minority and women owned businesses the same level of entitlement to federal contracts enjoyed by HUBZone businesses, so that no single restricted competition program will have priority over the others.
(Excerpt) Read more at cotr-training.blogspot.com ...
I wonder if Obama will sign it if it makes it to his desk?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.