Treasury Department Wants More Contract Bids from Black and Hispanic Business Owners

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The U.S. Department of Treasury does about $7 billion worth of business with outside contractors every year, and they recently released an online publication that encourages and educates African American, Hispanic, small and female business owners on how they can get in on the action and pitch their services to the Treasury Department as well.


The 47-page guide, How to Access Business Opportunities with Treasury “is designed to assist small, minority, and women-owned business owners to understand how to best market specific products and services and navigate the process of conducting business with Treasury,” a passage from the publication reads. The guide was intended for Native and Asian American business owners as well.

Dr. Lorraine Cole, the Treasury Department’s director of Minority and Women Inclusion, explained that promoting the department’s contract opportunities to minority and small business owners that may not have thought to bid for federal contracts has always been their priority.

“The Treasury Department has had a long standing commitment to ensuring diversity in its procurement operations, particularly with small businesses,” Dr. Cole said in a statement to the The Root.

“These businesses help us serve the American people and meet our mission. I encourage small, minority-owned, and women-owned businesses to use this resource,” she continued.

The department promises that the guide will help entrepreneurs “enter, compete in, and navigate the federal market place and participate in bids for goods and services.”

Read more at the U.S. Department of Treasury.