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The Biden administration has set a small business contracting goal for 15% of the money to go to Small Disadvantaged Businesses, and the Office of Management and Budget recently put out a request for information to generate ideas to address economic disparity.

  • Stan Soloway, President and Chief Executive Officer of Celero Strategies, LLC, said the first step should be collecting the right data, including information about money going to Small Disadvantaged Businesses in prime contracting and subcontracting.
  • Soloway said it is important to consider if the 15% goal actually helps increase wealth and close economic gaps across society.
  • Soloway said government can use existing data and collect new data to gain detailed insights that will contribute to a powerful policy platform.
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