More Than You Wanted to Know More Than You Wanted to Know About the Stimulus (Recovery) About the Stimulus (Recovery)

Funding!!Funding!!

Presented to:Presented to:Alliance South 2010Alliance South 2010

EC

Arthur L. BrownArthur L. Brown770-732-9392770-732-9392art@lescot.comart@lescot.com

Session designed to Inform you on what the stimulus is about and how to identify funding for your business:

Define the American Recovery and Reinvestment Act (ARRA)/Stimulus Funds

How to identify sources of ARRA opportunities Government Contracting Process

http://www.recovery.gov/pages/default.aspx

ARRA/Stimulus Act Designed to:

Create new jobs and save existing ones

Spur economic activity and invest in long-term growth

Foster unprecedented levels of accountability and

transparency in government spending

Proposes to accomplish this objective by: Providing $288 billion in tax cuts and benefits for millions of

working families and businesses Increasing federal funds for education and health care as

well as entitlement programs (such as extending unemployment benefits) by $224 billion

Making $275 billion available for federal contracts, grants and loans **

Requiring recipients of Recovery funds to report quarterly on how they are using the money. 

Marketing to the Federal Government Define your NAICS Code and

acquire a D-U-N-S number Register in Central Contractor

Registration database Market directly to agencies Use established procurement

vehicles

http://www.naics.com/search.htm

Register in CCR CCR used by agencies to

identify prospective vendors

Government maintained

Can be used for your own market development efforts.

https://www.bpn.gov/ccr/default.aspx

https://www.fpds.gov/fpdsng_cms/

Find Contract and Grant Opportunities Federal government posts

current contract and grant opportunities at www.fbo.gov

Can register to have opportunities emailed to you

Can search for awarded opportunities

https://www.fbo.gov/

ARRA/Stimulus Procurement Opportunities Advertised for NAICS 541611

Finding Subcontracting Opportunities If new to government contracting,

subcontracting or teaming may be ideal

Performing as a subcontractor can prepare you to be a prime contractor in the future

SBA maintains a database of subcontracting opportunities

http://web.sba.gov/subnet/search/index.cfm

"Yesterday is a cancelled check and tomorrow is a promissory note, today is the only cash we have", Author unknown