Web Analytics Made Easy -
StatCounter
Wolf administration expands contract eligibility for certain small businesses

Wolf administration expands contract eligibility for certain small businesses

The Wolf administration has raised the annual revenue cap for small and small-diverse businesses hoping to compete for government contracts in Pennsylvania.

 

The state Department of General Services on Tuesday said the revenue threshold for the state's small-business contracting program has been raised to $38.5 million — in line with the federal government.

 

The program was previously limited to small businesses with annual revenue of less than $7 million for building design services, $20 million for construction or procurement of goods and services, and $25 million for information technology goods and services.

 

The new cap applies across the board for all business types.

 

The revenue cap was cited at a recent forum held to highlight issues facing small, diverse businesses.

 

Troy Thompson, a spokesman for the Department of General Services, said it is unknown how many more businesses will be eligible under the higher cap.

 

But, he added: "We expect to see our largest increase in the IT category." 

 

In order to bid for state contracts, a business must register as a supplier with the commonwealth. It can then start competing for contracting opportunities and pursue third-party small diverse business certification, which is required to be considered a verified small-diverse business in the commonwealth's program.

 

Small-diverse businesses, or SDBs, are businesses owned by minorities, women, veterans, disabled veterans, individuals with disabilities and members of the LGBT community.

 

In the 2017-18 fiscal year, small and small-diverse businesses received almost $536.7 million, or 11.3 percent of state contract dollars. That was up from $406 million in 2016-17.

 

Originally published: http://www.cpbj.com/article/20181120/CPBJ01/181129994/wolf-administration-expands-contract-eligibility-for-certain-small-businesses?utm_source=CPBJ%20Morning%20Roundup&utm_medium=Email&utm_campaign=Wednesday%2C%20November%2021%2C%202018

Please reload

Featured Posts

SEWN Advisory on benefits & limitations of the PA Shared Work Program

March 25, 2020

1/2
Please reload

Recent Posts

June 29, 2020