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ARTICLE · 06 MARCH 2017

Government Contracts: Advantages For Small Business Concerns

Foley & Lardner LLP
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Linda McMahon, former chief executive officer of World Wrestling Entertainment, was confirmed by the Senate on February 14, 2017, to lead the Small Business Administration (SBA).

United StatesGovernment, Public Sector
Erin Toomey
Erin Toomey
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Linda McMahon, former chief executive officer of World Wrestling Entertainment, was confirmed by the Senate on February 14, 2017, to lead the Small Business Administration (SBA).

It's expected her work will revolve around growing jobs. Whether or not she's able to body slam that task into submission, it is yet to be seen how the SBA, under her leadership, will attempt to achieve its pre-existing goals.

Moving forward, the U.S. government has a goal to award 23 percent of U.S. government contracts to small business concerns. To assist federal agencies in meeting these statutory small goals, the SBA administers a number of programs to promote contract awards to certain types of small businesses. Collectively, these programs present a significant business opportunity for small businesses in the automotive sector.

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