Set-aside

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Set-aside

A percentage of a municipal or corporate bond underwriting that is allocated for handling by a minority-owned broker/dealer firm.

Set-Aside

The portion of a contract that is guaranteed to go to a minority owned company. For example, suppose a city wishes to contract out its trash collection services to a number of privately-owned companies. It may declare that 20% of the total value of the contract must go to one or more companies owned by a member of a minority group. While this is intended to reduce corruption in (especially local) governments, critics allege that this practice is, itself, subject to abuse. See also: Affirmative action.
References in periodicals archive ?
Identifying complex acquisitions for small business setasides may not always ensure responsible spending of tax dollars because the best solutions to a problem may not be captured within the small business community and may prevent a business with the best technical and cost solution--a large business--from competing.
The ground is very testing out there but Johnny Setaside jumped very well and saw out the three miles really bravely," added the Ulsterman.
Rents are set based upon the selected setaside using the HUD county median income, adjusted for household size.
Potential boondoggle award: That goes to LIFT, a $200 million community development block rant setaside for local development deals.
Estates, and not trusts, may be entitled to an IRC section 642(c) charitable setaside deduction.
the Court invalidated a minority setaside program, and in Martin v.
Prior to joining EK Health, Reason was a Medicare SetAside executive for two large workers' compensation managed care organizations, where he worked on more than 5,000 set-side allocations with many national insurers, employers and third-party administrators.
There was one withdrawal, the injured Johnny Setaside.
The Government has already given its backing to the Campaign for the Farmed Environment, the industry-led voluntary approach to retaining the wildlife and environmental benefits for setaside.
traces the history of federal government interaction with small businesses in the United States and offers a warning that the current state of small-business setaside is unsustainable.
Defense Operation of the Modeling and Simulation Information Analysis Center (MSIAC): Small business setaside.
This is still well ahead of recent years, despite the increase in production which is expected, as a result of land being taken out of setaside.