New Legislation Aimed To Improve Small Business
U.S. Rep. Niki Tsongas has introduced a bill that would amend the Small Business Act, allowing for a better working relationship between small businesses and the federal government.
Tsongas, whose district includes several Central Massachusetts communities, said the Small Business Fairness Act would allow businesses to pool resources to compete for larger government procurement contracts and still keep their minority and disadvantaged contract status. In a statement, her office said federal requirements to fulfill a percentage of contracts with small businesses owned by women, service-disabled veterans, Native Americans, or businesses that are in qualified Historically Underutilized Business (HUB) Zones, can discourage qualifying business from teaming up if that means they lose their contract status.
HUB Zones are designated urban and rural communities where small businesses may get preferential access to federal assistance.
Tsongas is co-sponsoring the bill with Cynthia Lummis, R-WY.
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