What are Small Business Set-Asides designed to do?

Small Business Set-Asides are designed to reserve contracts exclusively for small businesses. This initiative aims to ensure that a portion of federal contracting dollars goes to small enterprises, thereby fostering competition and innovation within the marketplace. The underlying goal is to support economic growth by enabling small businesses to participate in government contracting opportunities, which can lead to job creation and diversification of the economy. By setting aside certain contracts specifically for small businesses, the government helps to level the playing field and provides these companies with the chance to compete for contracts that might otherwise go to larger corporations.