Small Business Administration part 2
SBA also needs to update its information security policies and procedures and align its workforce transformation strategy with its strategic plan. While steps taken by the agency should improve management of its information technology resources, more remains to be done to institutionalize these processes. SBA also originates and services Section 7(b) disaster assistance home and business loans to victims of natural disasters. These will also be sold. SBA circumscribes its market by stipulating the long-term objectives of increasing small business success by bridging competitive opportunity gaps (COGs), and special competitive opportunity gaps (SCOGs) facing entrepreneurs. Some of these businesses are owned by “groups that own and control little productive capital because they have limited opportunities for small business ownership” (SBA, 2004).
SBA certified firms for eligibility to receive HUBZone contracts and maintains a listing of qualified HUBZone small businesses that federal agencies can use to locate prospective vendors. SBA’s funding is not an endorsement of any products, opinions, or services. SBA funded programs are extended to the public on a non-discriminatory basis. SBA’s and FDA’s participation in this cosponsorship is not an endorsement of the views, opinions, products or services of any cosponsor or other person or entity. All SBA and FDA programs, services and cosponsored activities are extended to the public on a nondiscriminatory basis.
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