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The Small Business Runway Extension Act brings to light the broader issues surrounding set-aside contracting policies. While the social and economic objectives of small business policy are certainly admirable, they may not be rational from an economic or technical standpoint and may have unintended consequences in terms of job creation, value creation for their founders/owners, and mission effectiveness.
In this white paper, author Craig Reed, who has over 35 years of experience in government contracting leadership roles, provides recommendations for other ways to achieve similar social policy objectives while mitigating the adverse effects of these unintended consequences, and he suggests areas for further research.