McNew & Associates, Inc. Blog


Defense thinks small for new contracts

“Small business growth continues to be at the forefront of discussions concerning economic growth.   The foundation of our economy remains small business, whether that be as a prime contractor or a subcontractor for the larger companies, defense related or other market segments. The excerpt below represents just one example of the push for continued small business growth,” commented Gary Henry, VP Operations, of McNew & Associates.

At a Small Business Defense Procurement Summit held in Detroit — one of several planned for various cities — Ashton Carter, undersecretary of defense for acquisition, technology and logistics, said the department spends up to $200 billion per year on contracts with small business, The Detroit News reported Saturday.

“Small business is a necessary ingredient of getting a better deal for the defense dollar for two reasons,” Carter said. “One is you tap into the talent and energy and vitality of small business. … And secondly, you get more competition from small businesses.”

Michael Blake, associate director for the White House Office of Public Engagement, said the budget for small businesses would jump by $4 billion this year, climbing from 21.9 percent to 23 percent of the department’s outside contracts.

U.S. Sen. Carl Levin, D-Mich., said, “We’ve got hundreds of companies in Michigan that do defense work. We want to continue to increase that number and make sure they know about opportunities in the defense area. It’s a growing part of Michigan’s economy.”

“Although this summit was held in Michigan and thus related primarily to Michigan small business, the discussions parallel the requirements for every state across the U.S.   Moving forward, those small businesses who have been proactive in developing sound business plans. For those small businesses wanting to support DoD and Federal programs, they must ensure they have the appropriate accounting and other business systems in place, thereby putting themselves in a better position to secure new work as a prime or subcontractor moving forward,” said Mr. Henry.   

Read the article at  http://www.upi.com/Business_News/2011/03/26/Defense-thinks-small-for-new-contracts/UPI-68361301164672/

McNew & Associates, Inc.                                                     

No Stress…Just Responsibility

719-685-7897

www.mcnewassociates.com


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