2012 was the eleventh year in a row that the federal government missed its small-business procurement goal. Federal agencies are tasked with spending at least 23 percent of their budgets with small businesses but consistently miss this mark.
Last week, President Obama signed into law a series of provisions meant to address this problem. One provision will now include small-business contracting performance as a factor in determining bonuses and raises for senior officials at federal agencies. Another provision discourages contract bundling, where several smaller contracts are awarded together, a practice that caters to large companies at the expense of small businesses.
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