SBA, Black Chambers Back President Biden’s Push for Federal Contracting with Minority Businesses
by Stacy M. Brown NNPA Newswire Senior National Correspondent @StacyBrownMedia 02/16/2022In December, after the Biden administration announced reforms to the federal procurement process that increased the share of small and disadvantaged businesses in the federal contracting base, U.S. Black Chambers Inc. (USBC) President Ron Busby offered resounding applause.
Busby joined Hidalgo at the NNPA studios in Washington, D.C., for the interview with Dr. Chavis, which PBS-TV plans to air later during a segment of The Chavis Chronicles.
“We’re in a time in our nation where we’ve seen over the last two years that, when we realize government procurement and purchasing is not just a technical issue or a policy issue,” Hidalgo stated.
“It has everything to do with building wealth in this country. We [the government] are the biggest purchaser in the United States and the world. We purchase $560 billion every single year.”
After the murder of George Floyd, Hidalgo said the country realized “that what we are doing to empower Black communities across this nation comes back to Black businesses.”
“The President and his cabinet realized that this is beyond just us purchasing at the government-level, but how we invest and build wealth. That’s what contracting does. It builds wealth,” Hidalgo asserted.
Busby noted the challenges faced by Black-owned businesses even before Covid and lousy policy.
“The Paycheck Protection Program didn’t include our businesses,” Busby determined.
“We have 2.6 million Black firms, and 2.5 million of them had no employees, so you had a program set up to save employees, not employers. For African Americans, it didn’t relate to us, and that’s why it’s so important to have people of color sit in the room when policies are being discussed,” Busy concluded.
Because of the President’s initiatives, both Hidalgo and Busby said they see a brighter future for small, disadvantaged businesses.
“We realize that there needs to be a dispersal across the country, not just in certain geographic areas,” Hidalgo stated.
“We still have a great deal of challenges as it relates to contracting, so we have to continue to challenge this administration and contracting agencies to be intentional.”
Added Busby, “It’s one thing to say minority programs. It’s different from a Black business program or a Hispanic business program. They’ve been painted under a broad brush of minority programs for too long, and it has not moved our businesses forward. Disparities are the same as they were in the 1950s.”
“When the President made his announcement, it was the first time that we saw what the government was spending on Black firms – 1.76 percent, which is less than $10 billion of this country’s contracts,” Busby continued.
“Now, it’s on us to say how we can double, triple, quadruple, that. It starts with being intentional.”
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