Although Hispanic-owned businesses are among the United States’ fastest-growing entrepreneurial groups, the government has historically awarded few government contracts to these businesses — or even any owned by other minorities.
That’s particularly true in the cybersecurity field and particularly in the field of cybersecurity. In 2021, the Department of Labor reported that only 5% of businesses registered to receive federal contracts have Hispanic owners. The number that actually earned these highly sought-after contracts is vastly lower.
The current presidential administration seeks to level the playing field for underserved small business owners. That’s why now is the time for Hispanic entrepreneurs to break into government contracting.
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