The federal government gave $154.2 billion to small businesses in the fiscal year 2021, an $8 billion increase from last year. Yet, the number of companies receiving prime contracts fell, continuing a multi-year trend.
2,500 business owners attended a small business summit on Capitol Hill where they voiced their concerns with lawmakers. The owners feel not enough is being done to counter rising inflation and a looming recession.
The Cybersecurity and Infrastructure Security Agency (CISA) posted a cybersecurity action plan for small businesses. It includes specific tips on creating a security plan along with additional resources.
Business travel is back on the upswing. Yet, ongoing airline issues and companies relying more on virtual meetings may mean business travel may never return to its pre-pandemic levels.
Hutch, a Baltimore-based seeks to encourage more minority-owned businesses to pursue federal contracts. The organization provides networks and resources for companies ready to make the next step in securing more federal opportunities.