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302.652.4800

Phone Number : 302.652.4800

Industry News

Certain small businesses may be able to take advantage of the Small Business Focus Program

Certain small businesses may be eligible for Delaware's Small Business Focus Program.

Certain small businesses may be eligible for Delaware's Small Business Focus Program.

This week is National Small Business Week, making it a good time for small business owners to take notice of programs that may be available to help them achieve their goals. One of these programs is the Delaware Small Business Focus Program.

On March 26th, 2014, Governor Markell of Delaware signed an order allowing the implementation of this program, which is designed for uniquely sized small businesses. As of the signing of this order, Delaware's supplier diversity efforts were extended to include certain small businesses and companies owned by individuals with disabilities. The Directory of Diverse Suppliers has already previously included businesses owned by veterans, women and minorities, according to an article in USA Today.

As part of the order, the Small Business Focus (SBF) Program was created to make certain programs available to businesses based on their size. According to an announcement on the Delaware website, the SBF Program exists to "increase the opportunity for small businesses to participate in state procurement." This goal will be pursued through several efforts, including directing state agencies to a registry of eligible small businesses. 

The Small Business Focus Program outlines eligibility criteria, including being U.S. Citizen(s) or Permanent Resident(s) owned, and for-profit with "useful business functions," among other more specific requirements. To see if your business qualifies for the Office of Supplier Diversity Certification, visit the Delaware Office of Supplier Diversity website

In addition to taking advantage of programs that may be available, one of the important steps that you can take to improve the chances of small business success is incorporating your business. An online incorporation services company can provide the information that small business owners need to check for company name availability and select the business entity type best suited for their business.