Significant Improvements Unveiled for the 7(j) Management and Technical Assistance Program

SBA’s Commitment to Equity in Federal Procurement Gains Traction

Business leaders nationwide are throwing their weight behind the U.S. Small Business Administration’s (SBA) ambitious enhancements to its renowned 7(j) Management and Technical Assistance program, now rebranded as Empower to Grow (E2G). These transformative changes aim to elevate core services and fulfill the SBA’s pledge under the Biden-Harris Administration to advance equity in federal procurement.

Empower to Grow: A Game-Changer for Small Businesses in Federal Contracting

In Fiscal Year 2023, small businesses engaged in the 7(j) program exhibited remarkable success, submitting 3,700 bids for federal contracts, of which 2,200 were awarded—reflecting a robust win rate of 60%. With over 6,000 small businesses participating, those receiving training reported an average 45% growth in annual revenue. These achievements align with the broader trend revealed by FY21 and FY22 federal contracting data, showing increased dollars flowing to small businesses in all demographic categories.

Business Community Celebrates Launch of Empower to Grow Program

Leaders in the business community, including the U.S. Black Chambers, Inc. and the United States Hispanic Chamber of Commerce, join Administrator Guzman in celebrating the introduction of Empower to Grow. These organizations express their wholehearted endorsement of the Biden-Harris Administration’s strides toward enhancing opportunities for historically marginalized entrepreneurs and fostering diversity in federal contracting.

NMSDC and Other Advocates Hail Empower to Grow’s Impact on Disadvantaged Communities

NMSDC, Public Private Strategies Institute, and Reimagine Main Street acknowledge the transformative impact of the SBA’s Empower to Grow program on small businesses from disadvantaged communities. These advocates commend the tools and training provided to enhance contracting opportunities, foster competitiveness, and contribute to the overall flourishing of families and communities.

Small Business For America’s Future Co-Chair Emphasizes ‘Empower to Grow’ Initiative

Sumnu Marketing founder and Small Business For America’s Future Co-Chair, Shaundell Newsome, applauds the SBA’s Empower to Grow initiative, emphasizing its proactive stance in closing economic gaps and providing essential tools for small and disadvantaged businesses to thrive on a level playing field.

Follow COGO! For getting automatic updates of new webinars regarding funding options, and new business trainings hosted related to SBA.