Skip to main content

2023 Contracting Summit: Equity in Government Contracting, Henry Bridgers, Grinnell College, Intern.


On Thursday, September 14th, the Minority Business Development Agency (MBDA) and the Small Business Administration (SBA) hosted the 2023 Contracting Summit: Equity in Government Contracting. At this event, public sector representatives and government contractors gathered in the White House Eisenhower Executive Office building to discuss current initiatives and contracting opportunities for minority business enterprises (MBEs).

The Summit began with a welcome by Donald R. Cravins, Under Secretary of Commerce for the MBDA. Mr. Cravins gave a brief overview of the issues minority businesses face, drawing attention to the lack of minority representation in contracting.  

After Mr. Cravins' address, Gene B. Sperling, Senior Advisor to the President, shared brief remarks before returning to the White House to address issues concerning the United Auto Workers’ Strike in Michigan.

Public Sector Panel: Overview and Updates on Federal Investments


The next session was the Public Sector Panel: Overview and Updates on Federal Investments with representatives from the Department of Commerce (USDOC), the Department of Transportation (USDOT), the Department of Energy (USDOE), and the Department of Defense (USDOD). 

The panelists provided an overview of the Biden-Harris Administration's investments in infrastructure, semiconductors, and clean energy. The panelists urged MBEs to explore federal programs and opportunities specifically pertaining to technology and energy.

Government Contractors Panel: Perspectives on Contracting Barriers


The final session Government Contractors Panel: Perspectives on Contracting Barriers featured representatives from trade associations, chambers, and MBEs. The panel was introduced by Larry Stubblefield, Acting Associate Administrator for Government Contracting and Business Development with the SBA. Mr. Stubblefield expressed his strong dissatisfaction with the Supreme Court ruling on June 29th in the SFFA case against Harvard University and the University of North Carolina. He discussed the impact of the ruling on the SBA, notably the suspension of the 8(a) program.

MBE owners shared stories of their struggles as minorities in business. The discussion provided resources and information relating to federal contracts and loans. All panelists expressed concern with the current legal climate. Enyinna Anthony — founder, President, and CEO of Anthony Management group — called business owners to action, urging all business owners “to testify and fight for the 8(a) program.”

Editor: William Michael Cunningham


Popular posts from this blog

Kamalanomics: Home and Health

Vice President Kamala Harris recently unveiled her economic plan, which builds upon and expands several initiatives from the Biden administration while adding new elements aimed at addressing economic challenges faced by American families. Her plan, dubbed the "Opportunity Economy" agenda, focuses on lowering costs for essential goods and services, particularly targeting housing, healthcare, and groceries. Key Components: 1. Housing: Harris proposes constructing three million new homes to address the housing supply crunch, which is more ambitious than Biden's two-million-home plan. She also advocates for a $40 billion "innovation fund" to encourage local governments to find solutions to housing shortages and make it harder for investment companies to buy up large numbers of rental properties, which has driven up rent prices. (See: Comments to the CalPERS Board of Administration, July 15, 2024 on Housing and Environmental Investing.) 2. Healthcare: Expanding on B...

Maternal Health Financing Facility for Black Women: A Solution to an Urgent Problem

Maternal mortality is a significant issue in the United States, with Black women disproportionately affected. Research conducted by the Centers for Disease Control and Prevention (CDC) has shown that Black women are more likely to die from pregnancy-related causes than their white counterparts. However, the issue is not new, and despite the increasing amount of data available, the disparities have remained unaddressed for far too long.  Creative Investment Research (CIR) is among the organizations that believe there is a solution to the problem. Through our proposed impact investing vehicle , the Maternal Health Financing Facility for Black Women (MHFFBW), we aim to tackle the mortality gap and support Black women during childbirth, which will, in turn, benefit their communities. The Facility, based on legally binding financing agreements containing terms and conditions that direct resources to individuals and institutions capable of addressing supply-side conditions at the heart...

William Michael Cunningham on Impact Investing, Blockchain, and Crowdfunding

September 2018 - 10 Questions William Michael Cunningham on Impact Investing, Blockchain, and Crowdfunding Interview by Carly Schulaka WHO: William Michael Cunningham WHAT: Economist, impact investing specialist, founder of Creative Investment Research WHAT'S ON HIS MIND: “Any finance professional in the U.S. should learn how to create a blockchain.” 1. You are an economist, an inventor, and an impact investing specialist. I’ve heard you say: “True innovation happens in a way that is independent of monetary returns.” How does this statement influence your work? It’s really about finding an interesting problem and applying financial technology to solving that problem or to dealing with that problem. You know, the people who invented the alphabet didn’t do so to make money. They had an interesting problem—communication on both a local and a grand scale—and if you were to calculate the social return for the invention of that technology or technique, it’s almost infinit...