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.
NEGATIVE NET WORTH A business condition when total liabilities
exceed total assets.
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 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 (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 (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 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).
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
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