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(BLR) In a move aimed at enabling small businesses to “participate in the nation’s economic recovery, including businesses owned by women, minorities, socially and economically disadvantaged individuals, and service-disabled veterans of our armed forces,” President Obama recently established an interagency task force—”The Interagency Task Force on Federal Contracting Opportunities for Small Businesses.”

Stating that “the federal government is the world’s largest purchaser of goods and services, with purchases totaling over $500 billion per year,” President Obama’s task force is intended to further Congress’ goal of awarding at least 23 percent of all federal prime contracting dollars to small businesses. Congress also established governmentwide contracting goals for participation by small businesses that are located in Historically Underutilized Business Zones (at least 3 percent) or that are owned by women (at least 5 percent), socially and economically disadvantaged individuals (at least 5 percent), and service-disabled veterans (at least 3 percent).

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