Department of Defense Pilot Program Encourages Contracting with Employee-Owned Businesses
The Department of Defense (DoD) issued a memorandum on November 8, 2022 of great import for employee-owned government contractors. The memorandum describes a pilot program for S-corporations that are 100% owned by an employee stock ownership plan (ESOP) to receive a noncompetitive award for certain follow-on contracts. This pilot program is especially noteworthy since it…