Special Small Business Programs

April 13, 2006

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Traditionally, the government has used the federal acquisition process as a tool to implement and further its programs and initiatives for social and economic change, and this trend continues.

There are several important initiatives that are intended to benefit businesses, particularly small business. These programs, which include incentive, set-aside, and preference programs, give small businesses and small businesses owned by special minority and disadvantaged groups advantages in bidding on federal contracts.

Warning

Caution

Under federal law (15 U.S.C. 645(d)), any person who misrepresents a firm's status as a small, small disadvantaged, or women-owned small business concern in order to obtain a contract to be awarded under the small business preference programs established under federal law is subject to:

the imposition of fines, imprisonment, or both
administrative remedies, including suspension and debarment
ineligibility for participation in programs conducted under the authority of the Small Business Act.

Following are some of the more important federal programs that are designed to benefit small businesses.