March 7, 2002 -- Washington,
D.C. – The Office of Small Business Development, U.S. Department of
Treasury and the Asian American Business Roundtable (AABR) entered into
a Memorandum of Understanding (MOU) today. The purpose of the MOU is to
foster the development of small minority- and women-owned businesses.
Through collaborative effort, this MOU seeks to improve the ability of
AABR firms to compete successfully for Treasury contracts and
subcontracts.
The objectives of the MOU
are to increase the ability of AABR members to compete for Treasury
procurements in various industries as well as to promote outreach
activities consistent with the guidance from the Small Business Act that
are mutually beneficial to AABR and the Treasury OSBD.
Treasury
OSBD agrees to build an environment to minority- and women-owned
businesses; notify AABR of
small business procurement outreach activities; distribute Treasury OSDB targeted outreach information;
use Treasury OSBD web site ( www.treas.gov/sba)
to provide information on other small business programs;
participate in trade organization activities; and support the principles of BusinessLINC (learning,
information, networking and collaboration).
AABR
agrees to assist Treasury OSBD by identifying small minority- and
women-owned businesses interested in doing business with Treasury;
review OSBD outreach information to assist in the development and
identification of potential sources;
distribute information to vendors on upcoming small business
procurement; meet
periodically with OSBD to maintain open communication and beneficial
dialog; and support the
principles of LINC.
The
MOU will be for a period of three (3) years, and may be extended by
written agreement of the parties. It may be awarded at any time by a
written agreement between the parties. Either may terminate this MOU
upon thirty (30) days advance written notice.
Contact
Person:
Virginia
V. Rigor
301-601-9038
