Economic Development & Supplier Diversity
President’s Coronavirus Guidelines for America: 30 Days To Slow The Spread
Business E ducation Community
Tuesday, May 26 10 to 11 a.m.
WOSB Federal Contracting Program – Upcoming Changes (register) -- The summer of 2020 will bring changes to the federal certification process for Women-Owned Small Businesses (WOSBs) and Economically Disadvantaged WOSBs (EDWOSBs) as put forth by Congress in the 2015 National Defense Authorization Act (NDAA).
The SBA expects the regulations enacting the statutory requirement will be published on June 30, 2020 and will become effective 30 days later. Once the changes go into effect, firms will no longer be able to self-certify as a WOSB or EDWOSB. You will have to either certify through an approved third-party entity or go through SBA’s free online certification. Join us on this webinar as we walk through the upcoming changes and how they may affect you.
The mission of Fayette County Public Schools is to create a collaborative community that ensures all students achieve at high levels and graduate prepared to excel in a global society.
FCPS serves more than 42,000 students with nearly 6,000 employees and an operating budget of almost $600 million. On average, the district spends about $100 million a year on goods and services, professional services, and construction projects. Because of the district's size and impact on our community, the Fayette County Board of Education voted unanimously in 2010 to create a position focused on economic development and supplier diversity, and thus this office champions three causes:
- The economic development and growth of Lexington and the Commonwealth;
- Supplier diversity and the growth and development of minority, women, and veteran-owned businesses and connecting those businesses with opportunities in FCPS;
- Workforce development issues that connect FCPS and its students with career opportunities.
As the second-largest employer in Lexington, FCPS knows how it spends the money entrusted by taxpayers has a far-reaching effect on the greater economic development of the entire community. Because of the district’s commitment to equity and inclusion, the school board has set a goal that not less than 12 percent of the total value of a construction contract, 11 percent of goods and services, and 14 percent of professional services be contracted to minority, women, and veteran business enterprises (MWVBEs).
A minority, woman, or veteran business enterprise is a business that is at least 51 percent owned, operated, and managed by a U.S. citizen of the following groups:
- Asian-American / Asian Pacific Islander
- Native American / Native Alaskan Indian
- Non-minority female
- U.S. military veteran
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