WHY IS SMALL BUSINESS SHARE IMPORTANT
- Small Business is the backbone of New Jersey. While politicians ponder New Jersey’s critical budget woes, hundreds of small businesses struggle to survive.
M - Multiple Agencies, Departments, Commissions, & Colleges ignore the 25% SBE goals. RESULT: Major “lock out” for New Jersey’s Small Businesses.
2. - Because 96.4% of NJ’s businesses qualify as SBEs, the SBE set-aside of 25% is grossly inadequate. Large businesses capture 75% of State Contracts – yet are only 3.6% of business registrations.
3. - The Current Categories of SBEs cause more inequities for small businesses in bidding and proposals. It is a bureaucratic minefield of duplication and inefficiency.
4. - Even if Primes identify SBEs at contract signing, many never award contracts or issue Notices to Proceed to their SBEs.
- The tracking reports only summarize contracts; change orders and payments to both Prime and SBE must also be tracked to secure accurate data.
For more information on how you can participate please contact:
Nancy C. Myers, President (856) 829-7942