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More Than You Wanted to Know About the Stimulus (Recovery) Funding!! Presented to: Alliance South 2010 EC Arthur L. Brown

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Presentation on theme: "More Than You Wanted to Know About the Stimulus (Recovery) Funding!! Presented to: Alliance South 2010 EC Arthur L. Brown"— Presentation transcript:

1 More Than You Wanted to Know About the Stimulus (Recovery) Funding!! Presented to: Alliance South 2010 EC Arthur L. Brown 770-732-9392art@lescot.com

2 Session designed to Inform you on what the stimulus is about and how to identify funding for your business: q Define the American Recovery and Reinvestment Act (ARRA)/Stimulus Funds q How to identify sources of ARRA opportunities q Government Contracting Process

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

4 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

5 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.

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7 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

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

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10 Register in CCR  CCR used by agencies to identify prospective vendors  Government maintained  Can be used for your own market development efforts.

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

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

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14 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

15 https://www.fbo.gov/

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19 ARRA/Stimulus Procurement Opportunities Advertised for NAICS 541611

20 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

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

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

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