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TeachMeFinance.com - explain procurement assistance procurement assistance -- Procurement can be a good source of income
for small business owners if the business has a product or
service of interest to federal agencies. Small businesses
should be particularly interested in two types of procurement:
small business setasides, which are procurement opportunities
required for all contracts under $10,000 or a certain percentage
of an agency's total procurement expenditure; and the SBA
8(a) program in which small businesses and minority-owned
and operated businesses are admitted to the program and can
negotiate on special contracts. Sources for procurement information
include SBA district and regional offices, GSA Business Service
Center, procurement center representatives of the SBA, and
agency offices of Small and Disadvantaged Business Utilization
(OSDBU). Many states have their own programs; check state
program lists.
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