Federal Procurement Data System

The Federal Register was met with mixed reviews from lobbying organizations and lawmakers. Jean Card, spokeswoman for The National Federation of Independent Business noted that she was “not real clear on why the definition changed.”

The NSBA does not distinguish businesses

The NSBA does not distinguish businesses by industry or revenue and limits its membership to businesses with fewer than 500 employees. Some congressional lawmakers are unhappy with the SBA and will try to implement new legislation to combat their new regulations for small businesses.

Rep. Gerry Connolly, co-author of the Small Business Protection Act, was quoted in an article by the Government Executive saying, “If the size standards are adjusted at that time we don’t need to change the definition, nevertheless we do need complementary incentives for advanced [and] growing small businesses.”

The redefinition of small business

Despite the redefinition of small business and whatever future implications it will illicit, small businesses should expect to see even furthermore growth in government contract awards throughout the remainder of the fiscal year.

A report on the Federal Procurement Data System shows over 12% of government contracts were awarded for Professional, Scientific and Technical Services, second only to Electronics, Computer and Transportation Equipment Manufacturing. With the Obama Administration’s push for agencies to adopt cloud computing, provide more transparency to tax payers and allow more federal employees to engage in telework, IT government contractors in particular should expect significant growth while 2012.

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