By Presidential Memorandum dated April 26, 2010, President Obama established an Interagency Task Force on Federal Contracting Opportunities for Small Businesses.

Congress has established statutory and aspirational goals designed to help small businesses compete for government contracts. Goals: 23% of all prime contracting dollars to small business, 3% participation by small businesses in HUBZones, 5% participation by small businesses owned by women, 5% so socially and economically disadvantaged individuals, and 3% to service-disabled veterans.

The task force is to provide proposals and recommendations for using innovative strategies such as teaming to increase opportunities, removing barriers by unbundling large projects, expanding outreach to match firms with contracting and subcontracting opportunities, and establishing policies to assist with the objectives. The memorandum also directs development of a web site to improve transparency and accountability.

For more information on government contracts contracting and subcontracting opportunities for small businesses, contact Karen S. Hindson of Hindson & Melton LLC.