Small Business Good for NASA and for America

Ed. Note: Cross-posted with the NASA blog

Earlier today at an awards ceremony in Herndon, Virginia, I got a chance to recognize the men, women and companies that have made outstanding contributions to NASA’s indispensable partnership with small business. The Fourth Annual NASA Small Business Symposium and Awards Ceremony was a two-day event, providing opportunities for small businesses to network and learn about NASA programs and initiatives, while recognizing outstanding individuals and companies that support the agency’s small business program. Awards were presented to both NASA civil servants and large and small businesses that were instrumental in NASA awarding $4.3 billion to small businesses in FY 2011. This represented 17.9 percent of NASA contracting and exceeded our goal for 2011.

Small businesses are not only crucial to NASA’s trailblazing achievements in space exploration; they are the backbone of the American economy.  As the wheels of our economy continue to pick up speed, it is important to remember that small business is the engine that is getting us moving again.  According to the U.S. Small Business Administration (SBA), small firms have generated 65 percent of net new jobs over the past 17 years. And federal procurement for women, minority and veteran-owned small businesses are a big part of that equation.

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Source: http://www.whitehouse.gov/blog/2011/11/03/small-business-good-nasa-and-america

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