Feds Exceed Contracting Goals

March 16, 2016

 

The U.S. Small Business Administration (SBA) recently announced that the federal government had, for the first time ever, achieved its five percent contracting goal with women-owned small businesses. The total contracting dollars for FY 2015 amounted to $17.8 billion spent with U.S. women-owned small businesses.

“Last fiscal year the federal government awarded its highest percentage of contracting dollars to small businesses in the history of the United States, totaling more than $90 billion.” said SBA Administrator Maria Contreras-Sweet. “Those resources supported more than half a million jobs in communities across this country.”

Additionally, the federal government surpassed its overall 23 percent small-business contracting goal for the third year in a row, awarding 25.75 percent, according to SBA data, which amounts to a total of $90.7 billion, in federal contracts to small businesses.

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