
How the County is Empowering Small Businesses
In a significant push to revitalize the local economy, the County of San Diego has announced a new initiative aimed at supporting small businesses. With a goal to allocate 25% of its $2.2 billion annual contract spending towards these enterprises, the recent policy changes suggest a promising future for local entrepreneurs. This move comes as a response to feedback from over 400 stakeholders and aims to enhance the region's business landscape.
A Boost for Local Entrepreneurs
The increase in the small local business preference from 5% to 15% is a key aspect of these recalibrated policies. This adjustment allows smaller players to compete more effectively against larger firms by factoring in a perceived lower bid price. Such competitive advantages are essential in fostering a more inclusive marketplace.
Streamlined Processes for Greater Accessibility
Another noteworthy change includes simplifying the procurement process by utilizing Requests for Qualifications (RFQs) instead of Requests for Proposals (RFPs). RFQs shorten the time required to submit bids, making it easier for small firms to compete. In addition, the new definition of small businesses now embraces nonprofits and veteran-owned businesses, increasing the range of entities that can participate.
Recognizing Equity in Business Development
The introduction of Social Equity Enterprises (SEEs) emphasizes the County’s commitment to addressing economic disparities in historically underinvested communities. By formally incorporating SEEs into the business framework, the County aims to promote economic inclusivity while advancing social equity. This acknowledgment can significantly support marginalized groups in accessing business opportunities.
What's Next?
As these policy changes take effect on September 25, the County is not only enhancing small businesses’ chances of success but is also positioning itself as a proactive player in economic development. Through continuous training, the County staff will adapt to these new practices, ensuring that all vendors and products align with ecological standards.
How You Can Benefit
If you're a resident of San Diego County and a small business owner, now is the time to capitalize on these new opportunities. Engage with the County's resources, make use of the technical assistance available, and stay informed about potential contracts that could benefit your business.
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