Response Assignment
Write a 200 word response with references
Do Small Business Preference Programs Help?
COLLAPSE
According to Stone (n.d.), one of the benefits of small business preference programs is that it helps “small businesses obtain a percentage of government contracts.” In addition, Stone (n.d.) says that utilizing small business preference programs gives those businesses an “opportunity to increase your business’s revenues.” However, despite the government laying out goals they would like to meet with these programs, they are “missing federal contract goals” such as their goals for “the HUBZone program” showing these programs are not working as effectively as the government intended (Weisner, 2022).
Small business preference programs are fair as they open the playing field for more businesses of all sizes to have “opportunity to participate in federal contracting” (Gordon, n.d.). Utilizing small business preference programs allows government agencies to “meet its small business contracting goals” and helps with their procurement efforts to contract with small businesses that fit the criteria of the preference programs (U.S. Small Business Administration, n.d.).
As a taxpayer, I believe these programs help tremendously as it shows the importance of increasing “government contracts” with “small businesses” which helps that business and the community it serves (Stone, n.d.). In addition, allowing small businesses the opportunity to engage in “healthy market competition” with larger businesses for government contracts “is fundamental to a well-functioning U.S. economy” (Boushey & Knudsen, 2021). Overall, small business preference programs provide a great opportunity for small businesses to engage in “fair contracting competition with big businesses” and gives them the opportunity to grow their business (Gordon, n.d.).
References
Boushey, H., & Knudsen, H. (2021, July 9). The Importance of Competition for the American Economy. Retrieved January 10, 2023, from The White House: https://www.whitehouse.gov/cea/written-materials/2021/07/09/the-importance-of-competition-for-the-american-economy/#:~:text=Healthy%20market%20competition%20is%20fundamental,greater%20variety%2C%20and%20more%20innovation.
Gordon, J. (n.d.). Big-Business vs. Small-Business Preference Contracts. Retrieved January 10, 2023, from Chron: https://smallbusiness.chron.com/bigbusiness-vs-smallbusiness-preference-contracts-82003.html
Stone, J. (n.d.). Guidelines for the Small Business Preference Programs. Retrieved January 10, 2023, from Chron: https://smallbusiness.chron.com/guidelines-small-business-preference-programs-80014.html
U.S. Small Business Administration. (n.d.). Back to all topics. Retrieved January 10, 2023, from SBA: https://www.sba.gov/partners/contracting-officials/small-business-procurement/set-aside-procurement
Weisner, M. (2022, July 18). HUBZone awards keep missing federal contract goals a quarter-century after creation. Retrieved January 10, 2023, from Federal Times: https://www.federaltimes.com/govcon/contracting/2022/07/18/hubzone-awards-keep-missing-federal-contract-goals-a-quarter-century-after-creation/
