Industry Newsprocurementsmall businessdefenceinfrastructure
Canada Targets SMEs For Defence And AI Contracts
9.0
Canada’s federal government is launching a small and medium enterprise procurement initiative, aiming to steer SMEs toward defence, infrastructure and artificial intelligence contracts, Small Business Minister Rechie Valdez said. More details on the program are expected next spring and form part of the Liberals’ Buy Canadian policy. The move seeks to reverse a drop in SME federal-contract share from 38% in 2008 to 20% in 2024.
Key Points
- 1Announces new SME procurement program, with more details expected next spring to guide firms.
- 2Addresses declining SME contract share from 38% (2008) to 20% (2024), promoting domestic suppliers.
- 3Encourages Manitoba small businesses and Indigenous firms to pursue defence, infrastructure and housing contracts.
Scoring Rationale
High policy relevance and actionable procurement opportunities drive the score, but details remain limited until program release.
Sources
Public references used for this report.
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