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SBA, DOT to expand capital, contracting opportunities. Here’s what small businesses need to know.

September 21, 2022

The Small Business Administration and the U.S. Department of Transportation have formalized several new agreements to help underserved businesses win federal contracts and access potential funding. The new memorandums of understanding were announced Tuesday at a business forum at DOT headquarters in Washington, D.C., as part of a push to include more small-business owners in the contracts coming from the $1.2 trillion Bipartisan Infrastructure Law signed by President Biden in 2021, as well as opportunities from the recently passed Inflation Reduction Act and the CHIPS Act.

Article Source: Baltimore Business Journal

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