Biden to Tie Manager Pay to Spending at Black-Owned Businesses

Growing the share of federal dollars spent at small businesses owned by Black and Latino Americans will be considered when deciding pay next year for senior federal procurement managers, the White House budget office said Thursday.

The new performance metric is part of a broader plan to increase opportunities for companies owned by female, veteran, Black, or Latino Americans. The budget office directed agencies to lay out the details for employees by Jan. 10.

Helping small businesses compete for federal contracting dollars has long been considered for determining pay for procurement officials, though that metric hasn’t always focused on businesses ...