News


UPDATE
Leaders Applaud McAuliffe for Executive Order Expanding Opportunity for Small, Women, and Minority Owned Businesses
Contacts: Office of the Governor: Rachel Thomas Email: Rachel.Thomas@governor.virginia.gov
22 Jul 2014

Governor McAuliffe today signed Executive Order 20: Advancing Equity for Small, Women, and Minority Owned Businesses (SWaM), which expands contracting opportunities for small businesses in the Commonwealth. The executive order sets the highest contracting goal in Virginia history of state expenditures to SWaM-certified businesses at 42%. It also creates a new “micro business” designation for small businesses with no more than 25 employees and no more than $3 million in revenue. Currently, over 80% of SWaM certified companies fall under this micro business category but often have to compete with companies over ten times their size for contracting opportunities. 

This executive order is designed to ensure a more transparent, equitable, and inclusive procurement process for Virginia’s small, women, and minority-owned businesses, and has received praise from leaders across the Commonwealth.


 TEXT CAN BE FOUND BY CLICKING THE DOCUMENTS PAGE TAB.


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