"Working with the FedPROPEL team, my knowledge of federal contracting has grown exponentially.
We have already secured one contract and have teamed on several other opportunities in the pipeline."
Program Overview
The FedPROPEL Institute provides minority-led firms from under resourced communities with the wherewithal to successfully access the world of Federal government contracting.
Why FedPROPEL exists
The Biden Administration has a stated goal of increasing federal contracting spend to small businesses 50% by 2025 – with a focus on African American and Hispanic/Latinx-led firms. However, there isn’t a scalable solution to prepare the next generation of minority entrepreneurs to access these opportunities. FedPROPEL fills that gap.
What FedPROPEL does
FedPROPEL uses a bifurcated model to prepare firms to secure 5% of that increase. Leveraging a web-based platform and an extensive partner network, FedPROPEL pairs interactive group training with individual consulting services to deliver transformative organizational development. By 2030, FedPROPEL projects its graduates will create 120,000 to 150,000 direct and indirect living wage jobs.
How FedPROPEL differs
Understanding the financial burdens faced by firms in our target market, FedPROPEL employs an innovative deferred cost solution. Firms pay a nominal deposit, and the program covers the rest until they win a contract. Our goal is to reduce the upfront investment necessary to win a federal contract by 18-months and $100,000 increasing our participants' ability to invest in their companies and communities.
