Wednesday, August 12, 2020

Puerto Rico Federal Business Opportunities Conference to be held Wednesday

By on December 4, 2018

SAN JUAN – Local companies will be able to offer their products and services to more than 40 procurement representatives and small business specialists from government agencies at the Puerto Rico Federal Business Opportunities Conference Wednesday, Dec. 5, at the Sheraton Puerto Rico Hotel & Casino in San Juan’s Convention District.

“The federal government procures around $500 billion annually in products and services and, of these, 23 percent should be small businesses, so this event is a unique opportunity for our entrepreneurs to contact key people and present their products or services to potential buyers,” Economic Development (DDEC) Secretary Manuel Laboy said at a press conference.

Laboy, who is also the executive director of the Puerto Rico Industrial Development Co., highlighted that the event will allow buyers and suppliers to “sit directly with the federal officials in charge of procurement at the different agencies of the federal government.”

The conference also includes educational conference sessions, “business forecasts, expert insight on how to market to federal agencies and prime vendors, and ample networking opportunities,” according to the Puerto Rico Federal Contracting Center, the event’s organizer.

“Talks with government contractors, where they share what their experience has been and explaining the most frequent doubts in this type of negotiation, will be offered,” Laboy said.

He stressed that the main purpose of the conference is to give local companies “all the tools they need to obtain contracts and accompany them in the process” by placing federal agencies and prime vendors alongside attendees to generate dialogue.

In addition to agency procurement opportunities and overviews, the conference focuses on addressing specific issues facing the industry.

“We know it is a new issue for many companies, but we are convinced it is an excellent opportunity to grow these businesses and inject new capital into our economy. We want to develop commercial relationships with the different agencies of the federal government. The benefit will be mutual: Local companies will have the opportunity to contract and grow their businesses and, in turn, federal agencies will count on the quality of products and services offered by our local companies,” Federal Contracting Center’s Pedro Acevedo said.

The event provides space for exhibitors to present their products or services.
“We want to be accompanied by the largest number of local suppliers, because in one place, they will be able to boost their business and take it to a new level,” Laboy said.

“Since the beginning of the [Central Recovery and Reconstruction Office of Puerto Rico], we have been emphasizing that the companies that provide services in Puerto Rico have local consortiums; this is the case of the 4 expert consultants that Congress required us to hire, which are dedicated to Data Management, Project Formulation, Recovery Strategy and Compliance Services, Energy Mission Optimization Program and Grant Claims Review. These companies that have been hired have local components. It is very important that local companies participate in the reconstruction of Puerto Rico and give it the space they need to contribute to the economic development of the Island,” said the director of the Central Recovery and Reconstruction Office of Puerto Rico, Omar Marrero.

The USAID Office of Small and Disadvantaged Business Utilization (OSDBU) is also sponsoring the activity.

For more information and the event’s agenda, visit or call 787-568-7646.

-Cybernews contributed to this report.

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