By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
News HonourNews Honour
Search
Reading: DoD Releases Small Business Strategy > U.S – Department of Defense
Share
Notification Show More
Aa
Aa
News HonourNews Honour
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
News Honour > Blog > Business > DoD Releases Small Business Strategy > U.S – Department of Defense
Business

DoD Releases Small Business Strategy > U.S – Department of Defense

Editor
Last updated: 2023/09/22 at 1:12 PM
By Editor 4 Min Read
Share
SHARE

Official websites use .gov
Secure .gov websites use HTTPS

The Department of Defense (DoD) released its Small Business Strategy today. The strategy promotes a strong, dynamic, and robust small business industrial base by focusing on reducing barriers to entry, increasing set-aside competitions, and leveraging programs to grow the industrial base. 
“From manufacturers providing the critical parts that we need for our arsenal – to technology companies developing innovative systems and capabilities – small businesses are vital along the entire spectrum of the Department’s needs,” Deputy Secretary of Defense Dr. Kathleen Hicks said. “Reducing barriers and creating more opportunities for small businesses will allow us to expand, innovate, and diversify, increasing our warfighter advantage, strengthening our supply chains, increasing competition in our marketplace, and growing our economy here at home.”
Small businesses make up 99.9 percent of all U.S. businesses as well as 73 percent of companies in the defense industrial base, and last year small businesses were awarded over 25 percent of all DoD prime contracts. As the economic engine of our nation, small businesses create jobs, generate innovation, and are essential, daily contributors to national security and the defense mission.  This strategy will help DoD harness the full potential of small businesses through three objectives:  implement a unified management approach for small business programs and activities; ensure the Department’s small business activities align with national security priorities; and strengthen the Department’s engagement and support of small businesses. 
“Fostering a resilient and robust industrial base is one of my top priorities,” said Dr. William LaPlante, Under Secretary of Defense for Acquisition and Sustainment. “Supporting small businesses is not just about meeting a goal or checking a box; it’s about building advantages for our warfighters. All of American industry, especially our innovative small businesses, has a role in developing, delivering, and sustaining the critical capabilities that are required to further implement the National Defense Strategy.”
“Small businesses are crucial to national security,” Director of the Office of Small Business Programs Farooq Mitha added. “Our military depends on small businesses that bring innovation and agility to support DoD’s mission. From providing critical component parts, to cutting edge software platforms, to essential services, small businesses provide support across nearly the entirety of the Department of Defense.” 
As part of DoD’s efforts to strengthen support of small businesses, this strategy focuses on stepping up engagement with industry, including providing more tools and resources. This engagement and training effort will be facilitated by the Department’s ninety-six APEX Accelerators located across the country, formerly known as the Procurement Technical Assistance Centers, which serve as a resource for small businesses to increase their readiness, help them find opportunities to do business with the Department and accelerate their insertion into the defense marketplace.
The Office of Small Business Programs encourages those interested in working with DoD to read a “Guide to Marketing to DoD” on https://business.defense.gov
The Small Business Strategy can be found here: https://media.defense.gov/2023/Jan/26/2003150429/-1/-1/0/SMALL-BUSINESS-STRATEGY.PDF
Choose which Defense.gov products you want delivered to your inbox.
The Department of Defense provides the military forces needed to deter war and ensure our nation’s security.

source

You Might Also Like

Global markets today: US and European stocks decline on worries over rising yields, Israel-Hamas war | Mint – Mint

Top headlines: Google to pay Canadian news publishers $100 million a year – Financial Post

Share Bazar Live: Know the latest situation of share market? Business News | hindi news – Zee Business

US economy grew faster than expected as businesses ramped up investment – as it happened – The Guardian

ICYMI: NFIB's Holly Wade Discusses Small Business Credit on … – NFIB

Editor September 22, 2023 September 22, 2023
Share This Article
Facebook Twitter Email Print
Previous Article First Evergrande, now Sunac. Another big Chinese developer files for US bankruptcy protection – CNN
Next Article UK minister eyes doubling trade with India by 2030 with new campaign – Zee Business
Leave a comment

Leave a Reply Cancel reply

Connect with:
Facebook Google Twitter

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Youtube Subscribe
Telegram Follow
- Advertisement -
Ad image

Latest News

Global markets today: US and European stocks decline on worries over rising yields, Israel-Hamas war | Mint – Mint
Business
Animal box office day 3 early reports: Ranbir Kapoor-Sandeep Reddy Vanga film continues to rampage, aims for Jawan’s three-day record – The Indian Express
Latest News
S&P 500 to end 2023 up 17% but little gains seen between now and … – Reuters
Investments
S&P 500, Nasdaq end lower on first day of August in busy earnings … – Reuters
Investments
Newshonor © 2023. All Rights Reserved.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Register Lost your password?