Nor-Ral Featured in Aviation Aftermarket

Since World War II, the importance of small businesses to the economic health of the United States and to the readiness of its military services has helped drive legislation designed to ensure small business viability. Efforts to formalize support to small businesses culminated in the Small Business Act of 1953, which created the Small Business Administration (SBA). Through the efforts of this administration, special attention in awarding all federal contracts is given to small, disadvantaged businesses, to businesses owned by women and veterans, and to those located in historically underutilized business zones (HUBZones).

In 2009, over 20 percent, some $113.4 billion of all Department of Defense (DOD) acquisition funds for goods and services found its way to small businesses, thanks in large part to its Office of Small Business Programs (OSBP). Of that $113.4 billion, direct prime contracts accounted for $63.9 billion, or 56 percent, and major DOD prime contractors, acting as “mentors,” to help develop the technical and business capabilities of small disadvantaged businesses (SDBs) and other eligible “prots.” The Indian Incentive program offers prime contractors rebates for doing business with Native American enterprises.

Read More…
Thanks to Donna Doleman and Rick Greenwald at Aviation Aftermarket Defense!