The federal government procures approximately $200 billion of goods and services annually. The Smaller War Plants Corporation accomplished this through providing loans directly to private entrepreneurs, providing incentives to large financial institutions to increase lending to small enterprises and acting as an advocate for small business in the federal procurement process.
For those small businesses that do not have the hierarchical structure in place to implement formal corporate governance plans, it is recommended that regular self assessment of the company will be the starting place for accountability, to enhance performance, grow the company and be a greater contributing force in the economy.
In effort to help small businesses grow and motivate people to starting a small business, this program provides them with access to government contracting opportunities, specialized business training and counseling, and help with their small business marketing and high-level executive development.
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