Procurement Committee
Mission
- To prepare our small and micro businesses for contracts, procurement, and funding opportunities while forming sustained relationships with public/private contract providers for contract awards. Get our members "Certified; Contract-Ready; Loan-Ready!"
- Procurement is the process of finding and agreeing to the terms of a purchase. It includes identifying potential suppliers, negotiating contracts, and selecting the supplier that offers the best value for money. Purchasing is the actual act of buying goods and services.
- The federal government awarded $154.2 Billion to small businesses in fiscal year 2021, an $8 Billion increase from the previous fiscal year, according to the Small Business Administration. That’s a record 27.2% of total federal contracting funds, exceeding the government’s goal of 23%. (July 26, 2022)
- The 27.2% of total federal contracting funds going to small businesses, combined with $72 Billion in subprime contracting goals, has supported over 1 million jobs in the American economy. (July 26, 2022)