Agencies encouraged to reach out to ethnic minority small businesses to increase participation
FRANKFORT, Ky. (Feb. 6, 2013) – Upon recommendation from the Governor’s Minority Employment, Business Affairs & Economic Development Council, the Finance and Administration Cabinet is now requiring executive branch agencies to reach out to ethnic minority vendors when possible to contract for goods or services.
“Doing business with the Commonwealth is not just for large companies,” said Gov. Steve Beshear. “With this initiative, we are specifically asking agencies to widen their solicitation reach and try to work with ethnic minority businesses on smaller contract opportunities or figure out what portions of a contract can be fulfilled by an ethnic minority business.”
The Small Purchase Authority guidelines allow executive branch agencies to solicit and contract for goods and services between $1,000 and $20,000 depending on the specific authority granted to the agency. Under these new guidelines, agencies who use their Small Purchase Authority must solicit at least one quote from ethnic minority vendors. Large procurement contracts are facilitated by the Finance Cabinet’s Office of Procurement Services.
We felt a large percentage of ethnic minorities were being precluded from doing business with the state because they lacked the capacity to handle large contracts. We believe this process will help open the door for these vendors to participate in the procurement of government contracts.
– Dee Dee Harbut, Chair, Governor’s Minority Employment, Business Affairs & Economic Development Council
Recently the Office of Procurement Services met with state agencies and provided information on how to locate ethnic minority vendors. This included using eMARS, the state’s procurement system, and the SMALL BUSINESS CONNECTion website ( kentucky.gov/sbc/default.aspx ).
Agencies must document which businesses are solicited when quotes are issued and note which vendors are ethnic minority businesses. The success of this new process will be measured by the increase in minority businesses registration in eMARS, the increase in solicitations issued to ethnic minority businesses, the increase in quotes received from ethnic minority businesses, the increase in the number of contracts awarded to ethnic minority businesses and ultimately the increase in dollars spent with ethnic minority businesses.
LEXINGTON, Ky., (Feb. 14, 2017) – Kentucky Small Business Development Center is seeking nominations for the 2017 Pacesetter Awards. The recognition program was created to honor high performing, second-stage businesses that are changing Kentucky’s economic landscape. The deadline to submit nominations is March 15.
KSBDC encourages small businesses that meet the following minimum qualifications to apply:
· Privately held
· In business for three or more years
· Employ six or more full-time employees, including the owner
· Annual sales meet or exceed $500,000
· Located and headquartered in Kentucky
·Demonstrate the intent and capacity to grow evidenced by the judging criteria.
Pacesetters will be selected based on two or more of the following criteria:
· Growth in the number of employees
·Increase in sales and/or unit volume
· Innovativeness of the product or service
·Response to adversity
·Employee engagement and commitment
·Contributions by the nominee to aid community-oriented projects
Pacesetters will be recognized at the Kentucky Celebrates Small Business event held at the Capitol rotunda in Frankfort during the first week of May. Each honoree will receive an award inscribed with the business’s name and a promotional video for their own use that highlights the business. In addition, KSBDC will send a customized press release announcing the award to local media and trade associations. Honorees are given the rights to use the Kentucky Pacesetter logo and event photographs in promoting their business.
Anyone may submit nominations, including third parties associated with an eligible second-stage business. A business may self-nominate by completing the required form. Winners will be notified by March 27. Full nomination requirements and the application are online at https://www.ksbdc.org/kentucky-pacesetters1 .
The Kentucky Small Business Development Center, part of the University of Kentucky College of Agriculture, Food and Environment, is a network of 12 offices located throughout the state. The center helps existing and start-up businesses succeed by offering high quality, in-depth and hands-on services. KSBDC is a partner program with the U.S. Small Business Administration. More information on KSBDC services can be found on their website, http://www.ksbdc.org/ .
Writer: Roberta Meisel, 859-257-0104
UK College of Agriculture, Food and Environment, through its land-grant mission, reaches across the commonwealth with teaching, research and extension to enhance the lives of Kentuckians.