September 24, 2021

Neguse Proposal to Spur Local Economic Growth Passes Through Congress

Washington, D.C.—Last night, Congressman Joe Neguse’s bill to expand small business contracting opportunities passed the House of Representatives as an amendment to the National Defense Authorization Act. The legislation aims to raise contracting goals at the Small Business Administration (SBA) to provide greater opportunities for small businesses and invigorate local economies.

“In northern Colorado, small businesses are the backbone of our economy, and helping them bounce back from the COVID-19 pandemic is vital to our recovery,” said Congressman Joe Neguse. “This policy change will provide our small businesses with greater access to federal contracting opportunities, empowering them to grow and thrive as we continue our efforts to build back better. It is critical that we take every step to support our friends and neighbors whose small businesses power our communities, and I am excited to see it pass the House.”

This legislation was initially offered a standalone bill, the Small Business Procurement Utilization Reform (SPUR) Act in May of this year. It is a key part of Congressman Neguse’s broader effort to support local businesses in the wake of the COVID-19 pandemic. He was a proud supporter of the American Rescue Plan, President Biden’s initiative that has set the nation on a path towards post-pandemic recovery. He also recently introduced the Native American Entrepreneurial Opportunity Act of 2021 to give Native Americans more say within the SBA.