Partnerships to help small and disadvantaged businesses get the resources they need to succeed were announced Sept. 20.
The U.S. Department of Transportation Office of Small and Disadvantaged Business Utilization, the U.S. Small Business Administration and the U.S. Department of Commerce Minority Business Development Agency announced the partnerships to support American firms, according to a Sept. 20 news release.
“Through President Biden’s Bipartisan Infrastructure Law, we are making historic investments in our transportation infrastructure — and that represents major opportunity for historically excluded Americans and our nation's small businesses,” Transportation Secretary Pete Buttigieg said in the release. “These new initiatives with our partners at SBA and MBDA will help more small business owners secure federal contracts to modernize our country’s infrastructure for decades to come.”
SBA Administrator Isabella Guzman said it’s vital to have the collaboration support the nation’s small and disadvantaged contractors, manufacturers and other enterprises so President Biden’s vision of building a better America and an economy that works for everyone can be realized, the release reported.
“Small businesses are the heart of our economy and a key driver of economic growth and opportunity,” Secretary of Commerce Gina Raimondo said in the release. “Thanks to President Biden’s leadership, this administration is committed to ensuring small and minority-owned businesses have access to the opportunities created by historic investments in infrastructure.”
Small and disadvantages businesses will help strengthen supply chains and keep the United States globally competitive when supported by the partnership between the DOT and the Minority Business Development Agency, she said, according to the release.
