LSI In The Community

On May 8, 2019, great things were happening in the Twin Cities as LSI’s Chip Laingen hosted Brad Pantuck from the Office of Naval Research for an engaging discussion on how the federal government invests in private business. . . .

The federal government buys an estimated $600-billion worth of goods and services every year. These purchases range from complex systems to cleaning supplies and engineering expertise to janitorial services. What’s more, under federal law, 23-percent of these contracts are to be set aside for small business—that’s $138-billion or more for small businesses to claim. . . .

As the calendar year comes to a close and we reflect on setbacks, successes and what’s ahead, I think we can all agree that we are fortunate to be associated with the Northern Utah business community. Unemployment is low and construction permitting is up, along with gross taxable sales. . . .

As promised, this month we’re taking a slightly deeper dive into how the FAR is designed to help your small business compete. Missed last month’s blog? Take a few minutes to catch up here. . . .

If you run a small business and have thought about bidding on government contracts, you’ve most likely looked into the FAR. Truth be told, this set of federal regulations, formally known as the Federal Acquisition Regulation, can be pretty daunting, even for the pros. Fortunately, the government has provisions to give small businesses a leg up. This month and next month we’ll highlight parts of the FAR most pertinent to small firms. . . .