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Biden Executive Orders - Opportunity to Increase Spending?

The Small Business Administration, as part of the Biden administration’s diversity, equity and inclusion work, is stepping up to increase the percentage of federal contracting dollars that go to small, disadvantaged businesses.

President Joe Biden set that goal in June, directing federal agencies to increase contracting spending on small, disadvantaged businesses by 50% over the next five years.

“Just imagine if, instead of denying millions of entrepreneurs the ability to access capital and contracting, we made it possible to take their dreams to the marketplace to create jobs and invest in our communities,” Biden said during a speech in Tulsa, Oklahoma.

Bibi Hidalgo, the associate administrator of SBA’s Office of Government Contracting and Business Development, said her office is taking steps to ensure that agencies make the president’s small business contracting goals a reality.

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