New Matchmaker Program Links Small Biz to Federal Procurements | AccountingWEB

New Matchmaker Program Links Small Biz to Federal Procurements

The Small Business Administration and United States Chamber of Commerce, in partnership with HP, continued the nationwide rollout of the landmark Business Matchmaking
program in Orlando, Florida this week. The program is designed to help small businesses get their share of the $200 billion federal procurement budget for goods and services.

The Business Matchmaking program in Orlando was the next stop in a planned multi-city tour that matches small businesses with federal, state, and local government agencies and private companies who have actual contracts for products and services. The program is expected to make billions of dollars available in procurement contracts to small businesses over the course of the tour.

The two-day event provides opportunities for small businesses to meet with government agencies and private companies through pre-scheduled, individual appointments. The meetings are scheduled before each event by having small business owners (sellers) and government agencies and private companies (buyers) complete online profiles. Based on the profiles, the best possible matches are created. In many cases, it is likely for a single small business to have numerous appointments during the two-day event.

The federal government annually spends more than $200 billion for products and services, and the government’s statutory goal is to have at least 23 percent of that total – or $46 billion – go to small businesses.

"The Business Matchmaking program is the largest national initiative in American small business history to bring small businesses and public and private organizations together at the same table for the specific purpose of awarding procurement contracts," said SBA Administrator Hector Barreto. "This is a real program with a real mission – to give small businesses around the U.S. a chance to generate revenue by doing business with government agencies and private companies."

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