Coalition pushes Congress to bolster federal contracts for small businesses

A business coalition led by Goldman Sachs, the Bipartisan Policy Center and Center Forward is pushing lawmakers to help small businesses access federal government contracts.

The number of small businesses contracting with the federal government shrank by 38 percent over the last decade, according to a report released by the group this week. The number of small businesses receiving contracts for the first time shrank by 79 percent from 2005 to 2019.

Coalition members met with 60 congressional offices this month to discuss how the current system creates barriers to entry for small businesses. They’re telling Congress to simplify the procurement process and enhance programs that help historically disadvantaged small businesses score contracts.

“Our report makes clear that significant reforms are needed to ensure the federal contracting process gives small businesses a level playing field to compete and succeed,” Joe Wall, director of Goldman Sachs’s…

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