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How SBA helps America's entrepreneurs

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NEGOTIATED GRIEVANCE PROCEDURE
The sole and exclusive procedure available to all employees in a bargaining unit and the employer for processing grievances and disputes.
NEGOTIATION (EMPLOYEE)
The "face to face" process used by local unions and the employer to exchange their views on those matters involving personnel policies and practices, or other matters affecting the working conditions of employees in the unit and reduced to a written binding agreement. Used also by contracting officers to reach agreement with potential contractors.
NEGOTIATION (CONTRACTING
Contracting through the use of either competitive or other-than-competitive proposals and discussions. Any contract awarded without using sealed bidding procedures is a negotiated contract.
NEGOTIATION DISPUTE
That point in negotiations where labor and management cannot come to an agreement on some or all of the issues on the bargaining table and the services of the FMCS have not been utilized.
NET WORTH
Property owned (assets), minus debts and obligations owed (liabilities), is the owner's equity (net worth).
NORTH AMERICAN INDUSTRY CLASSIFICATION SYSTEM (NAICS)
The North American Industry Classification System (NAICS) is replacing the U.S. Standard Industrial Classification (SIC) system. NAICS will reshape the way we view our changing economy. NAICS was developed jointly by the U.S., Canada, and Mexico to provide new comparability in statistics about business activity across North America.
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NOTES AND ACCOUNTS RECEIVABLE
A secured or unsecured receivable evidenced by a note or open account arising from activities involving liquidation and disposal of loan collateral.
NEGOTIATION
Contracting through the use of either competitive or other-than-competitive proposals and discussions. Any contract awarded without using sealed bidding procedures is a negotiated contract.
NONMANUFACTURER
For purposes of Federal government contracts, a firm that supplies a product it did not manufacture is termed a nonmanufacturer. To qualify for Federal government contracting, a nonmanufacturer must have 500 or fewer employees, be primarily in the wholesale or retail trade, and supply the product of a US small manufacturer. This requirement is called the "nonmanufacturer rule." This rule does not apply to supply contracts of $25,000 or less that are processed under Simplified Acquisition Procedures. The requirement may also be waived through formal procedure by the Associate Administrator for Government Contracting if there is no small manufacturer in the Federal market for a class of products.
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NOT DOMINANT
A concern is not dominant in its field of operation when it does not exercise a controlling or major influence on an industry. As part of its review of a size standard, SBA investigates if a concern at or below a particular standard would be dominant in the industry, on a national basis. Thus, a concern at or below the size standard is presumed not to be dominant in its field of operation.
NONMANUFACTURER RULE WAIVERS
Section 303 (h) of Public Law 100-656 and Section 210 of Public Law 101-574 incorporated into the Small Business Act requires that agency contracts be directed solely to small business manufacturers under set-aside provisions. This requirement is commonly referred to as the Nonmanufacturer Rule. The Small Business Act also contains provisions that allow the Administrator of the SBA to waive this requirement when there are no small business manufacturers or processors available to supply the product to the Federal Government.
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NON SET-ASIDE REPORT
The purpose of this page is to provide a system to alert SBA's Office of Government Contracting when Government Acquisition Offices do not set aside requirements for Small Business.
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NATURAL RESOURCES ASSISTANCE PROGRAM
The federal government sells large quantities of natural resources and surplus real and personal property authorized for sale in accordance with public law. SBA cooperates with other federal agencies to channel a fair share of this property and resources to small businesses. SBA's Natural Resources Sales Assistance Program is intended to ensure small businesses obtain a fair share of government property sales and leases through small business set-asides. SBA also provides counseling and other assistance to small businesses on government sales and leasing.
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NMVC - New Markets Venture Capital
The New Markets Venture Capital (NMVC) program is modeled after the Small Business Administration’s extremely successful Small Business Investment Company (SBIC) program but has a specific mission of economic development in low-income (LI) areas. Through a combination of equity-type financing and intensive operational assistance to smaller businesses located in LI areas, the program seeks to assist local entrepreneurs, create quality employment opportunities for residents and build wealth within these communities. SBA intends to achieve these public policy objectives through financial assistance to newly formed NMVC companies and to existing Specialized Small Business Investment Companies (SSBICs).
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NEW MARKETS VENTURE CAPITAL - NMVC
The New Markets Venture Capital (NMVC) program is modeled after the Small Business Administration’s extremely successful Small Business Investment Company (SBIC) program but has a specific mission of economic development in low-income (LI) areas. Through a combination of equity-type financing and intensive operational assistance to smaller businesses located in LI areas, the program seeks to assist local entrepreneurs, create quality employment opportunities for residents and build wealth within these communities. SBA intends to achieve these public policy objectives through financial assistance to newly formed NMVC companies and to existing Specialized Small Business Investment Companies (SSBICs).
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NEWS/NEWS RELEASES
SBA issues news releases and media alerts of significant happenings or decisions in the small business community. Choosing More... will take you to our Headline News area.
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NEGATIVE NET WORTH
A business condition when total liabilities exceed total assets.

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* Last modified: 11/05/2001 03:10:38 PM