' ................................... ■ ---------------- :-------
MINORITY FIRMS IN REGION GET RECORD
AMOUNT OF FEDERAL PROCUREMENT THROUGH SBA PROGRAM
S e a t t l e , W a sh in g to n (N ovem ber 19 ,
th i
1984) — S m all f ir m s owned by m i n o r i t i e s in
r e g i o n of th e c o u n tr y r e c e i v e d a r e c o r d $ 8 8 .2 m i l l i o n in f e d e r a l p r o c u r e
ment c o n t r a c t s d u r in g F i s c a l
H ( a ) p ro g ra m .
1984 th r o u g h th e U .S . S m a ll B u s in e s s A d m i n i s t r a t i o n 's
The p ro g ra m named a f t e r S e c t i o n 8 ( a ) o f th e S m all B u s in e s s
Act i s d e s ig n e d t o d i r e c t f e d e r a l p ro c u re m e n t c o n t r a c t s t o s m a ll m i n o r i t y and
«onom ie <1 is a d v a n ta g e d f i r m s .
Iht
p re v io u s re c o rd
in th e r e g i o n , w h ich I n c lu d e s th e s t a t e s o f A la s k a , Id a h o ,
O reg o n and W a s h in g to n , was $ 8 6 .9 m i l l i o n ,
S te p h e n J .
set
in F i s c a l
1983.
H a l l , R e g io n a l SBA A d m i n i s t r a t o r h e a d q u a r t e r e d
in S e a t t l e , s a i d
l o r th e n a t i o n a s a w h o le th e Agency had d i r e c t e d a r e c o r d $ 2 .6 5 b i l l i o n
f e d e r a l p ro c u re m e n t t o m in o r ity - o w n e d f ir m s th r o u g h 8 ( a ) .
n a tio n a l
H ill,
fig u re ,
$ 2 .3 b i l l i o n , was s e t
in F i s c a l
in
The p r e v io u s
1983.
in a n n o u n c in g th e 8 ( a ) f i g u r e s , s a i d , "The r e s u l t s r e f l e c t P r e s i d e n t
R eagan s com m itm ent t o s u p p o r t m in o r ity - o w n e d b u s i n e s s e s and SB A 's c o n t i n u i n g
e f f o r t s t o w id en th e 8 ( a ) p r o g r a m " .
About h a l f o f a l l
f e d e r a l p ro c u re m e n t t o m in o r ity - o w n e d f ir m s com es th r o u g h
th e 8 ( a ) p ro g ra m . H a ll s a i d .
h ir in g f i s c a l Y ear 19 8 4 , 4 ,9 4 4 c o n t r a c t s
th .
in t h e c o u n t r y w ent t o
8 ( a ) p ro g ra m co m p ared to 4 ,7 1 1 c o n t r a c t s
in F l s c r l Y e a r 1983.
liH t
its s ta rt
l e t to
1 ,7 1 6 f ir m s in
1 ,5 1 5 f ir m s f o r $ 2 .3 b i l l i o n
T h e re a r e c u r r e n t l y 2 ,6 0 0 f ir m s in th e p ro g ra m .
in 1968, th e 8 ( a ) p ro g ra m h a s a w a rd e d 4 6 ,3 8 7 c o n t r a c t s w o rth
$ 1 4 .6 b i l l i o n .
hp; 10 Jobs, November 28, 1984