Sequestration and Potential Effects On Small Business Defense Contracting

			Sequestration and Potential Effects On Small Business Defense Contractin

Congress in late 2011 enacted the Budget Control Act (also known as sequestration), which if lawmakers don’t overturn, will in January automatically cut $500 billion in defense spending over the next 10 years and $1.2 trillion in non-defense spending. The Budget Control Act of 2011 calls for the sequestration cuts to trim the same percentage from every applicable defense program, project, and activity. Looming economic uncertainty and belt tightening amongst agencies is surely to effect companies, both large and small, who do business with the Defense Department. It’s unclear how the Budget Control Act will be implemented and what its exact consequences will be, but a Defense Daily webinar on sequestration and its potential effects on small business defense contracting can shed some light on tough subjects. What can companies do now, and closer to the November elections, to prepare themselves for possible cuts? What is changing in acquisition policy? How are size standards affecting small contractors? How can businesses manage new contracts? How is the Pentagon’s Office of Small Business Programs dealing with possible budget cuts? What approach is it taking? How should smaller firms be approaching mergers and acquisitions? Do businesses need to think about consolidating their supply chain? Defense Daily will host a webinar September 6, 2012, featuring a panel that includes the head of the Pentagon’s Office of Small Business Programs and leading experts in federal contracting. Defense Daily invites you to join a timely discussion about how businesses can prepare for looming spending reductions in the federal government. Get more information here!