President Obama On Minority Business - Part Two
With President Obama being sworn in today, presented is part two of how President Obama will affect minority business. Yesterday reflected on the downside of Obama’s Presidency, today will focus upon the upside.
Though my impression is that little will change with programs available, we all already know that President Obama is working on a huge economic stimulus package. The difference between President Bush’s economic stimulus and President Obama’s is twofold. President Bush delivered direct cash to the populace, and cost in the $300 billion dollar range.
President Obama is trying to pass a near trillion-dollar economic stimulus package, but it is focused on project spending. This is very exciting news for minority business, as these projects will be federal programs with the ability to leverage set-aside programs. Additionally, prime contractors (I am speculating) will have serious contractual stipulations to utilize small businesses as sub-contractors. After all, the government is not going to be different (there is no time) just larger. Meaning that it will use programs in place to designate who to utilize. This is a wonderful time that has never been and never will be again (the minority population is growing, with it diminishing returns for affirmative action) for minority business and its place in federal programs.
From the new whitehouse.gov web site, here are the areas stated for the economic stimulus package:
- Doubling the production of alternative energy in the next three years.
- Modernizing more than 75% of federal buildings and improve the energy efficiency of two million American homes, saving consumers and taxpayers billions on our energy bills.
- Making the immediate investments necessary to ensure that within five years, all of America’s medical records are computerized.
- Equipping tens of thousands of schools, community colleges, and public universities with 21st century classrooms, labs, and libraries.
- Expanding broadband across America, so that a small business in a rural town can connect and compete with their counterparts anywhere in the world.
- Investing in the science, research, and technology that will lead to new medical breakthroughs, new discoveries, and entire new industries.
Though some items state years away, we know that President Obama plans to begin immediately. I see information technology infrastructure and construction being the highlights of the package as stated. But even if one’s business does not necessarily fit in these two categories, perhaps there would be a fit for business supporting these businesses that are in these industries. Prime contractors can still count certified contractors who do marketing, office supplies, accounting, etc. That is 8(a), HUBZone, MWDBE, SVOB, and the rest of the government contracting alphabet soup will become more important by prime contractors and government contracting officers when this is package passed.
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Comments
I really have a lot of faith in Obama being able to turn things around, I really do
I am expecting start of change after 8 months… Those people who are expecting quick change and progress are delusional..
We all know that last year the Us economic situation was very bad. Not US the same situation was there all over the world.
But now everyone are expecting some changes for our betterment better say for US betterment. In this case President Obama are going to take some steps.
But what step he is going to take it was not clear to me but after reading your post it is little bit clear to me.
I want to wish you good luck for maintaining such a informative blog. I am waiting for more updated information regarding president Obama.
Thanks, For sharing this.
So where are we now? Is he delivering on his promises? There are exciting times…
thank you SO much for posting…I’ve always wanted to know if Obama was recognizing his fellow minorities in their struggle to keep their businesses above water in this dire financial times, now I feel a little bit more comforted.
i still believe in obama
will be interesting to see what happens
I’m fearful, the government does not belong in business. Capitalism thrives on survival of the fittest.
Lets hope that Obama can produce on all of the promises he gave
i believe that obama will recover usa economy and provide more employment.
Hopefully Obamas rescue plan will help minority businesses to come through this difficult time
Obama wants to give his Country a cutting edge winning on loses in economy, but it should not be in the heads of other countries like India, Philippines and all.
The National Minority Business Council, Inc., hailed President Obama’s plan to keep small businesses from failing during the current economic downturn as “extremely positive” and called for the establishment of a separate entity under the auspices of the U.S. Small Business Administration to monitor the compliance of banks and other lenders with the new measures.
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I think the new president will make the U.S.A economy stronger then before with his new economic packages.
HMM,..
i dont think so if the economy will increase with obama,..
from first reality i’ve felt the draw down of US economic,.
During both the primary process and the general election, Obama’s campaign set numerous fundraising records, particularly in the quantity of small donations. Car Transportation
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