The Impact of Bonding for BEAD on SMEs
Small and medium-sized enterprises (SMEs) play a vital role in many sectors of the economy. These businesses are often the lifeblood of local communities, providing jobs, innovation, and services that larger companies may not be able to deliver with the same degree of customization and personal touch. However, SMEs often face challenges in competing for government contracts or other large projects that require surety bonds. This is concerning, given the number of contract opportunities presented by the BEAD program.
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