The White House announced on Thursday more actions to help small businesses get involved with federal contracting, particularly by increasing agencies’ accountability and transparency.
President Biden announced in June he seeks to double the share of contracts that go to small, disadvantaged businesses by fiscal 2025 as part of his administration’s goal to narrow the racial wealth gap. Also on November 18, the administration released an outline of its president’s management agenda that prioritizes creating more opportunities for underserved entrepreneurs and all businesses in the federal marketplace. The new actions build on these initiatives.
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