Page 59 - Small Business Program News Today

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Again, its where we started. it kind of works differently for every person and couple. but you need to keep discussing it because its going to change. thanks so much, you guys. theres some good news out there for small businesses owned by women. the small business administration has announced its decision to set aside government contracts for companies in dozens of areas. to qualify for the program, a woman must own at least 51% of the businesses that apply. michelle chang is a senior adviser ...

And it ranges from everything from metal manufacturing to janitorial services to interior design to catering. so theres everything that you can think of. so what were really hoping is that anyone who plays in these industries gets involved and learns about the program and gets themselves certified to participate. >> and whats the range of the contract? how big are they? >> so the contracts can be up to $5 million for manufacturing contracts or up to $3 million for nonmanufacturing. and no limit ...

Our website. and we encourage firms who are interested in getting involved to visit our website at sba.gov. >> im going to play devils advocate and i know there are a lot of people who say theres so much red tape, its so confusing, it takes so long. is the process being streamlined at all? >> yes, theres definitely a lot of things that need to happen. we understand that. were committed to making this as easy as possible. were just excited that finally after over a decade of this law being put in...

Program went into effect last week. and what this program does is levels the playing field. for a woman-owned small business to compete for a federal contract. this helps women to get access to over $500 billion that the federal government spends every year on goods and services. before a federal government contracting officers couldnt set aside contracts for women-owned small businesses. this will allow them to do that. >> what percentage do you know offhand of the small business contracts were...