what is the definition (in LAYMANS terms) of a small business set aside?

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what is the definition (in LAYMANS terms) of a small business set aside?

(Please, no FAR block and copies....I really want it simplistically broken down) Thanks a bunch!

2006-11-01 07:22:30 · 1 answers · asked by lordydordy42 2 in Business & Finance ➔ Investing

1 answers

It is a program of the federal government run by the small busines administration that sets aside a certain amount of governm,ent contract business for qualified small business. Usually minority owned businesses.

2006-11-01 07:29:27 · answer #1 · answered by waggy_33 6 · 0⤊ 0⤋