History Of The Small Business Program - 1382 Words

This paper will cover the various topics: the history of the small business program, explain the small business set-aside program, assess the dollar threshold for small business contracts, the purpose of source selection evaluation plan, and ranking of criteria for the scenario. History of the Small Business Program In 1932, President Hoover tried to mitigate the Great Depression by creating The Reconstruction Finance Corporation (RFC). The purpose of the RFC was to try to help businesses no matter what size large and small by providing federal funds. In 1942, Congress created the Smaller War Plants Corporation (SWPC) to help small businesses during World War II. Funds were provided for financial institutions to help give credit to struggling small business owners. When the war ended SWPC was liquidated but some of the authority went to the RFC such as lending and contract capacity. In the Korean War Congress created the Small Defense Plants Admiration (SDPA) which was like the SWPC but the RFC kept the lending approval. In 1952, President Eisenhower stated that he wanted a new small businesses agency which led the to the Small Business Administration. On July 30, 1953, Congress created a program called the United States Small Business Administration (SBA), which was an independent federa l agency. The purpose of the program is to help small business obtain their fair share of government contracts and property by providing aid, information, and protection of smallShow MoreRelatedHistory Of The Small Business Program1500 Words   |  6 Pagestopics: the history of the small business program, explain the small business set-aside program, assess the dollar threshold for small business contracts, the purpose of source selection evaluation plan, and ranking of criteria for the scenario. History of the Small Business Program In 1932, President Hoover tried to mitigate the Great Depression by creating The Reconstruction Finance Corporation (RFC). The purpose of the RFC was to try to help businesses no matter what size large and small by providingRead MoreThe Importance of Small Enterprises in the United States1126 Words   |  5 Pagesstart a small business. Small businesses are incredibly important to the United States economy. Small businesses have been around from the beginning of the history of the U.S. and remain a large portion of the business community today. Small businesses are the driving force for job creation. Small businesses struggle to meet regulations set in place by the government and at the same time stay afloat in the U.S. economy. There are strict size standards set in place that make small business ownersRead MoreEssay On Liberal Arts And Business Connection1671 Words   |  7 PagesLiberal Arts and Business Connection At first glance liberal arts and business may seem to have no real connection but the underlying education and skills taught allow them to work well together. In an article entitled, Dimension of Precariousness, discussed being entrapped in a career or profession that lacks passion. The article stated that, â€Å"Entrapment can be considered as the long-lasting condition and weak part of young-adult independent professional beyond the first stages of their careersRead MoreMinority Set Aside Programs1526 Words   |  7 PagesSet-Aside programs, such as the Small Contractors Set-Aside Program, are contract award preference programs intended for state based small contractors. In the state of Connecticut, Small contractors are classified as those: 1) which have been in business for a minimum of one year; 2) that maintain its primary place of business in the State of Connecticut; and 3) with a prior years gross revenue of less than $10,000,000. This essay will discuss the issue of min ority set aside programs and the moralRead MoreEntrepreneurship : Business And Its Expenses1727 Words   |  7 PagesEntrepreneurship in America When looking at the importance of entrepreneurs in the United States it is important to discuss the history of entrepreneurs in this country, the obstacles that come along with starting up a business, and where one might acquire the capital or money to finance the upcoming business and its expenses. History of Entrepreneurship The word â€Å"entrepreneur† is a word borrowed from the French in the mid-19th century that literally means â€Å"undertaker.† Entrepreneurship is muchRead MoreRole Of Information Systems During 21st Century1346 Words   |  6 Pagesfor conducting business in the 21st century. It plays an important part in increasing efficiency of businesses. A business without any form of information systems is unimaginable in this century. Accounting is essential to every business. Due to the fact that the accounting department deals with the money and all the financial reporting aspect of every business, a good accounting software is very vital for the success of that business be it a small, medium or a large size business. As stated by BrownRead MoreHealth Reform Act: Research Paper1417 Words   |  6 Pagesbecause the wealthy people will get taxed a little more than they normally do. But this is done with a good cause, the health reform will help especially children, hard workin g healthy, adults, anyone with a pre- existing condition, seniors, small businesses, small companies, and it will offer many new jobs. The health reform will help parents and of course their children by providing greater coverage. Some parents won’t have to pay any co-payments or even deductibles when they visit theirRead MoreRaising Capital For A Young Business : Case Study819 Words   |  4 PagesRaising capital for a young business can be a difficult process. My businesses inevitably fail simply because they did not have the right amount of capital to start with (Keyes, 2007). A lack of capital can force an entrepreneur to make poor decisions simply because they did not have enough money to make the right one. A lack of funding will also lead to a lack of cash follow, which is considered the life blood of a starting business. Furthermore, funding short falls make it very difficult toRead MoreAre United States Business Laws Effective at Promoting Fair Business Practices762 Words   |  4 Pagesmillions of people buy, sell, trade and perform business transactions daily within a multitude of industries and professions. In order to preserve the trust and integrity of our financial systems, it is imperative that the United States implement, regulate, and enforce business practices to remain relevant and effective within the constantly changing global economic marketplace. The United States has a long history of ensuring fair and balanced business practices through legislation. The InterstateRead MoreEssay about Personal Career Development: Course Review1012 Words   |  5 Pagesis to review the personal information from the career assessments taken in HS 585 Career Counseling at Bellevue University. The review will focus on this author’s personal results. This paper will combine the assessments with the author’s personal history to provide a context for future career goals. Assessment Summary The primary assessment performed and examined within the HS 585 course was the Strong Interest Inventory (SII). This assessment provided a profile of this author’s interests and values