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What does “Set-aside” mean in grants?

A government contract reserved for a category of business: small, disadvantaged, veteran-owned, woman-owned, or HUBZone. Qualifying businesses compete against a much smaller field.

A common mix-up

What people assume: Money a funder saves for later.

What it means in grants: A government contract reserved for a type of business, such as small or veteran-owned.

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