Oklahoma and the Midwest region have billions of contracting dollars passing through to qualified companies. Yet our regional companies have a difficult time breaking in to the contracting process.
Oklahoma City, Oklahoma (PRWEB) March 05, 2013
In January the National Defense Authorization Act (NDAA) was signed into law. With the signing came a host of changes for small and large business in regard to mentor-protégé agreements that are being viewed as a mixed bag by businesses, large and small. Regulations have been expanded along with harsher penalties for failure to follow regulations in several areas of contracting law.
The NDAA requires the Small Business Administration (SBA) rewrite the mentor-protégé regulations and expand the program to all small businesses; not just disadvantaged; Women-Owned; HubZone or Veteran owned businesses. Congress set a timeline of 270 days from January 3rd for the new rules to be published.
In an effort to help regional small businesses succeed, the Mid America Government Industry Coalition (MAGIC) is hosting a three -day summit that will break down these new regulations and make recommendation early in the rulemaking process for consideration by the SBA. Coalition members will take their recommendations and comments to meetings in Washington, DC in May and are seeking firms to participate in this town hall.
In addition to the changes in the mentor-protégé agreements; the town hall is bringing in industry experts on strategic sourcing and bonding for small and emerging contractors. Strategic sourcing is a trend that has the potential to displace a number of small businesses and bonding issues have kept small contractors from growing into the prime contracting area.
“Our member companies are creating jobs and building our communities and our nation,” says Kay Bills, president of the MAGIC Coalition. “This town hall event is for those federal contractors interested in the mentor- protégé agreement. For seasoned companies wanting to enter federal contracting, these agreements are a strategic way to move into the federal arena. Oklahoma and the Midwest region have billions of contracting dollars passing through to qualified companies. Yet our regional companies have a difficult time breaking in to the contracting process. Frustrations are high now within the contracting community as we see larger and larger contracts being developed. Teaming under the mentor-protégé umbrella is more critical now that it ever was in days past. When the log jam finally breaks, our businesses want to be ready to work with strong partners”
The Coalition expects open and frank discussion by government officials, mentoring companies and protégés about the ethical and compliance requirements of these programs. While not easy to achieve in this era of extreme competition and, at times, the distrust of the role that federal contractors play; this town hall will drive these discussions in a way to insure more successful opportunities for small local small businesses and their large business partners in our state and region.
For more information companies can register at http://www.region6roundtable.com or call 405-455-3800.
About Mid America Government Industry Coalition: MAGIC provides training and advocacy on behalf of our member companies who are federal contractors. The coalition seeks strategic partners and organizations that focus on creating jobs in the Midwestern region and across the US in partnership with our Midwestern companies. Our membership consist of large and small companies and HubZone, minority, woman-owned and service disabled veterans who are growing their business with the federal government.