WASHINGTON NAVY YARD, Washington, DC – At a time when the pandemic has impacted the nation’s economy, Naval Sea Systems Command (NAVSEA) has exceeded its targets for small business in fiscal year 2021. In fact, NAVSEA accounted for nearly a quarter of the Navy’s Small Business Bonds, issuing contracts worth $ 3.98 billion out of the $ 16.61 billion of Navy Small Business Bonds.
NAVSEA Small Business Programs Office Director Anne Bannister said NAVSEA’s small business performance rate reached a high level of 11.71% against the assigned performance target of 8 , 7%. The Small Business Administration (SBA) assigns small business performance goals annually to all government agencies.
“The NAVSEA numbers would not have been possible without the support of senior management, deputy program directors, outsourcing professionals, our field activities, the many small business advocates across the company. NAVSEA and dedicated staff of small business professionals both at our headquarters and at our 21 field operations, ”said Bannister. “NAVSEA continues to demonstrate its commitment to inclusion of small businesses and building a diverse and strong entrepreneur base. “
According to the Department of the Navy’s Office of Small Business Programs (OSBP) ‘s September 30 measures report, fiscal year 2021, NAVSEA also had the highest total small business obligations among the 10 purchase orders of Marine.
This is the third year in a row that NAVSEA has also achieved all performance targets under the socio-economic programs designated by the SBA in the following categories; small underprivileged business, small business owned by women, small business owned by disabled veterans and historically underutilized commercial area.
Small businesses contribute to local economies by bringing growth and innovation to the community in which the business is established. In addition, small businesses tend to bring innovation and agility to the Navy and the fighter while creating competition resulting in lower costs for NAVSEA programs.
According to the SBA, the nation’s nearly 30 million small businesses represent 99.9% of all U.S. businesses.
The SBA defines a small business as having 500 or fewer employees, and they serve as the building blocks for the largest US corporations. Many provide opportunities for everyone, especially women and minorities.
NAVSEA Small Business began this fiscal year by hosting a Small Business Industry Day on October 6, during which NAVSEA Industrial Operations announced that it planned to award seven contracts totaling $ 44.9 million, and they anticipate that all will be small business contracts.
The event brought together Navy program managers and contracting officers eager to team up with innovative small businesses to support the Navy’s requirements for shipbuilding, cybersecurity and fleet maintenance.
Industry Day presentations can be viewed by clicking on the link below: https://www.navsea.navy.mil/Business-Partnerships/Small-Business-Office/
NAVSEA is a proven leader in delivering the OSBP mission of maximizing opportunities for small businesses that contribute to national security by providing combat power to our troops and the economic stability of our country.
NAVSEA partners with acquisition professionals seeking small businesses to meet Department of Defense (DOD) procurement requirements while giving the workforce a competitive advantage.
The NAVSEA Small Business Programs Office can be contacted by emailing [email protected] or by calling (202) 781-2061.