Our virtual presentation on contracting, procurement, and supplier diversity. Together with hundreds of business leaders from across the country, Reimagine Main Street explored this important topic with White House Domestic Policy Council Director Neera Tanden, Congressman Joaquin Castro, and the CEOs of influential business organizations.
Reimagine Main Street, in partnership with 14 other national business organizations, surveyed businesses about their experiences with corporate and government contracting. The results come out against a backdrop of significant Federal investments and a wave of litigation against diverse businesses, business diversity and efforts to increase contracting with diverse-owned and small businesses.
Contracting with the federal government and large corporations presents significant opportunities for diverse-owned and small businesses. The federal government is the largest consumer of goods and services in the world, spending more than $690 billion on contracts in FY 2022. Corporations spend 58% of their revenue on corporate contracts with suppliers.
At the same time, public and private sector investments in infrastructure, clean tech, and the reshoring of advanced manufacturing as a result of the Investing in America agenda are creating industries of the future and new on-shore supply chains. Growth, competitiveness, and resilience of the U.S. economy depend on integrating diverse-owned businesses into these new and emerging supply chains.
95% of small business owners believe stable government leadership is important to the overall health of the economy and small businesses.
With the continued possibility of a government shutdown, the small business community urges the government to create more stability.
Check out Small Business for America's Future's recent survey to learn more about the impact a shutdown would have on small businesses and the economy.
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Small Business for America's Future
smallbusinessforamericasfuture.org
Need additional engineers to address project capacity issues? Let's discuss teaming/subcontracting opportunities to address your manhour shortage.
1moIma need USDOT/FHWA to begin investing and helping DBE engineering firms throughout the south east. We are seeing little to no work....especially in TN and in GA.