Clinton boosts women-owned biz
- By Natasha Haubold
- May 25, 2000
President Clinton signed an executive order on Tuesday to encourage agencies
to meet their contracting goals for small businesses owned by women.
The order puts more teeth into the governmentwide goals established last
year by the Office of Management and Budget requiring agencies to award
5 percent of their overall procurement contracts to women-owned small businesses.
The executive order also provides resources for agencies to meet or exceed
the 5 percent goal this year. The executive order requires agencies to:
* Develop a long-term comprehensive plan.
* Designate a senior acquisition official to identify and promote contracting
opportunities for women-owned small businesses.
* Implement a mentor/protege program that includes women-owned businesses.
* Offer industrywide outreach, training and technical assistance programs
for women-owned businesses
* Require agencies that fail to meet their goals to establish an action
"The executive order provides the federal agencies with a clear action plan
for meeting and exceeding the statutory 5 percent goal," said Kay Koplovitz,
chairwoman of the National Women's Business Council.
The executive order also includes additional responsibilities for the Small
Business Administration to ensure agencies meet the 5 percent goal. SBA
will establish an office and Web site for procurement opportunities from
women-owned businesses, according to the order. SBA also will develop an
interactive database containing information on procurement opportunities
and women-owned businesses.
"I am extremely pleases that this order is being issued. Women-owned businesses
are among the fastest-growing sectors in the economy, and their contributions
to the current economic expansion are considerable," SBA administrator Aida