Government Contracts
Some recent studies show that governmental contracts for minority owned businesses are lower than expected. Certainly this does not come as a surprise; this statement by no means is an assignment of guilt, rather than stating the obvious.
It comes as no surprise that federal and state governments have a rather tainted history in terms of awarding contracts to minority owned business. However, there also could be an equal effort on the part of minority business owners to compete for those contracts.
Essentially, however, there are greater burdens for small business to compete for those large federal contracts; yet local and state contracts may illustrate a better and more viable opportunity for small business owners.
The first step is certainly the most difficult one. In order to find the most up to date opportunities in your local community, the best approach should entail a combination of contacting local government officials as well as exploring existing resources such as local government websites.
In our experiences, such search can be time consuming and frustrating for small business owners. Alternatively, there are many commercial services available which would do the leg work for a minimal fee. We would strongly recommend starting with those third party services in order to get a better overview of the existing or up coming opportunities.
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