Small Biz Bulletin

Message from Special Secretary Rhee

Small Businesses Make a Big Impact

Earlier this week, Lt. Governor Boyd Rutherford made an important announcement at the Board of Public Works meeting. Governor Larry Hogan, through the first Executive Order issued in the new year, is enhancing Maryland’s Small Business Reserve (SBR) Program by requiring all units under the authority of the governor to reserve procurements valued between $50,000 and $500,000 to the SBR. This race- and gender-neutral program creates a unique marketplace for state-funded contracts. Small businesses compete against other small businesses with the winner performing as a prime contractor. During the announcement, the lieutenant governor expressed his belief that the small business community will play an important role in our economic recovery from the ongoing COVID-19 pandemic. Increasing small business participation in state procurement’s will certainly make a positive impact by putting more state-funded contracts directly into the hands of Maryland’s small businesses. I want to applaud the Hogan-Rutherford Administration for their commitment to the small business space. This is a transformative action, possibly making Maryland the only state with this type of procurement action. If you are not already in the SBR Program, now is the time to enroll. We are hosting an SBR training session on January 26th. See the story below for complete information (Small Business Prime Contractors Wanted!).

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