Supersizing Small Business: More Firms Can Compete for Set-Asides
October 22, 2012
Nati Soto, owner of a Miami architecture firm that employs six people, said in her 18 years in business, she always faced strong competition going after federal contracts set aside for small businesses.
Most of her federal work has been as a subcontractor to larger firms required to set aside a certain amount of work for small businesses, she said.
But a federal rule change in March has opened the gates for more competition. Under the first comprehensive revision of the definition of “small business” in 25 years, more midsize companies can now compete for small-business contracts.