Colorado Procurement Technical Assistance Center (PTAC) helps small businesses obtain state and federal contracts
DENVER, CO– The House Committee on Business Affairs and Labor today passed by a vote of 10-1 Representatives Daneya Esgar and Tom Sullivan’s legislation to extend the Colorado Procurement Technical Assistance Center (PTAC) for the next five years.
“The Colorado Procurement Technical Assistance Center (PTAC) is a proven program that offers small businesses across Colorado, including those who are veteran, women or minority-owned, essential help in navigating the complexities of state and federal contracting,” said Rep. Esgar (D-Pueblo). “This bill would extend the PTAC program for five years so it can continue to foster economic growth in all corners of our state and provide essential services to job creators.”
“PTAC is an essential service for small businesses who may need additional support when entering the world of government contracting, and I’m glad that we’re working together to extend the program for another five years,” said Rep. Sullivan (D-Centennial). “The outstanding results of the program speak for themselves; Colorado businesses need and use this critical service, which helps our local economy prosper.”
HB20-1116 would extend the Colorado Procurement Assistance Center for five years. The state currently contracts with a nonprofit to provide procurement assistance services, and that contract will end in September 2020. The bill will also allow the state to contribute additional resources to the program if the nonprofit agrees to match that investment 100 percent.
PTAC provides free consulting with procurement counselors, as well as a variety of subject matter experts, to Colorado’s small, women, veteran and minority-owned businesses applying for and performing government contracts at the federal, state and local levels. PTAC also runs free workshops and host events, including a training series, a speaker series and networking events with major federal contractors.
The program, which started in 2009, has served over 5,000 clients and helped support 55,000 jobs in Colorado. In 2018 alone, the program helped companies earn a combined $419 million in government contracts and helped create/retain over 8,000 jobs. The program has consistently outperformed its statutorily required performance metrics, serving six times the number of active businesses required by law. It has provided over 1,000 more counseling hours than required by law and sponsored twice as many events.