Resources

2020-2021 NYC SBS Bond Readiness and Bonding Services Program

NYC SBS Bond Readiness Program On May 4, 2021, the 2020-2021 NYC Department of Small Business Services (SBS) celebrated its most recent cohort of Bond Readiness graduates. This cohort represented 18 construction, trade & professional services firms – with 8 participants securing bonding prior to the conclusion of the cohort. Guest speakers for the graduation […]

2020-2021 NYC SBS Bond Readiness and Bonding Services Program Read More »

Maryland Church Fights Unlicensed Individual Surety Over Bond on Failed Project

The Korean Seventh-day Adventist Church was supposed to be in business in Columbia by now. The church’s 150 members signed a deal, put money down and watched bulldozers roll. But construction stopped in late 2008 and the congregation never recouped its investment. Thanks in part, church officials say, because a bond that was supposed to

Maryland Church Fights Unlicensed Individual Surety Over Bond on Failed Project Read More »

Higher Surety Bond Guarantees will Help Small Businesses Secure Larger Contracts

The U.S. Small Business Administration has made regulatory changes to its Surety Bond Guarantee Program, including higher surety bond guarantee limits up to $10 million that will help construction and service sector firms secure larger contracts for work in areas impacted by disasters.

Higher Surety Bond Guarantees will Help Small Businesses Secure Larger Contracts Read More »

Pennsylvania Surety Bond Guarantee Program

HB 83 reintroduces a state bond guarantee program bill that died for lack of funding last year. HB 83 would create the Surety Bond Guarantee Fund Program. The program would serve to enable disadvantaged businesses to bid competitively for certain Commonwealth contracts. The Surety Bond Guarantee Fund (Fund) would provide guarantees up to $1 million

Pennsylvania Surety Bond Guarantee Program Read More »

US Government Hearing On Minority Contracting Issues

Last month, the Government Management, Organization and Procurement Subcommittee of the U.S. House Committee on Oversight and Government Reform held a hearing on minority contracting issues. The Subcommittee discussed existing federal programs for minority-owned business enterprises (MBE) and disadvantaged business enterprises (DBE), as well as the challenges that these businesses have faced. The testimony featured

US Government Hearing On Minority Contracting Issues Read More »

Women-Owned Small Business (WOSB) Contracting Program

The long anticipated and landmark Small Business Act was recently passed, which authorizes federal contracting officers to specifically limit, or set aside opportunities for women-owned small businesses (WOSBs) or economically disadvantaged women-owned small businesses (EDWOSBs). Although the Small Business Administration has issued a final rule on the WOSB program, it will not be effective for

Women-Owned Small Business (WOSB) Contracting Program Read More »

Scroll to Top