Expand Capital to Small Businesses in Socially and Economically Disadvantaged Urban Communities and Rural Areas
Goal Leaders: William M. Manger, Associate Administrator, Office of Capital Access and Michael A. Vallante, Associate Administrator, Office of Field Operations
Goal Statement: Entrepreneurs in emerging markets do not have access to adequate capital to start or grow their business. By September 30, 2019, increase the number of loans by 5 percent from the FY 2017 baseline to small businesses in socially and economically disadvantaged urban communities and rural areas.
Goal Action Plans & Progress Updates
Increase Federal Contracts to Disadvantaged Small Businesses
Goal Leaders: Robb N. Wong, Associate Administrator Office of Government Contracting and Business Development and Michael A. Vallante, Associate Administrator, Office of Field Operations
Goal Statement: Increase the number of 8(a)-certified firms receiving federal contracts. By September 30, 2019, increase by 10 percent, from the FY 2017 baseline, the number of 8(a)-certified firms awarded federal contracts.
Goal Action Plans & Progress Updates
Maximize Small Business Participation in Government Contracting
Goal Leader: Robb N. Wong, Associate Administrator, Office of Government Contracting and Business Development
Goal Statement: The SBA can help small businesses win Federal contracts set aside for them. By September 30, 2019, maximize the percent of federal contracts by exceeding the 23 percent awarded to small businesses.
Goal Action Plans & Progress Updates
Reduce Loan Processing Time for Disaster Survivors
Goal Leader: James Rivera, Associate Administrator, Office of Disaster Assistance
Goal Statement: Increase the speed of loan application processing for survivors recovering from disasters. By September 30, 2019, increase the average number of loan applications processed from three to six applications per loan specialist per day.
Goal Action Plan & Progress Update: