Feds Just Shy of Small-Biz Contracting GoalJune 28, 2011
The U.S. government awarded 22.7 percent of federal contracting dollars to small businesses in Fiscal Year 2010 (Oct. 1, 2009 – Sept. 30, 2010), according to the U.S. Small Business Administration’s (SBA) fifth annual small business procurement scorecard.
While this represents the largest single year increase in more than five years and translates into a record $97.95 in contracts, the federal government once again failed to achieve its goal of 23 percent of federal contracts being awarded to small businesses.
The SBA’s annual scorecard rates 24 federal agencies according to their success in meeting their overall small-business contracting goals, as well as their success in the following socioeconomic subcategories: small, disadvantaged firms; small businesses in HUBZones; women-owned small business; and service-disabled, veteran-owned small businesses.
The SBA awarded the agencies letter grades—from A+ through F. Agencies’ overall grades were comprised of three quantitative measures: prime contracts (80 percent), subcontracts (10 percent) and plans for meeting goals (10 percent).
To achieve an “A+” grade, an agency must have met or exceeded 120 percent of its small-business contracting goals. Agencies that achieved between 100 percent and 119 percent of their goals could receive an A. Agencies that realized 90 to 99 percent of their goals could receive B grades, and C grades could go to agencies that met 80 to 89 percent of their goals. Any agency that was able to muster only 70 to 79 percent of its small-business contracting goal could receive a D, and anything less than that was worthy of an F grade.
Agencies displayed marked improvement from last year: ten agencies received higher grades this year, ten agencies received the same grade, and four agencies lost ground. In total, 13 agencies received an “A,” five agencies received a “B,” four agencies received a “C,” and two agencies received a “D.”
Overall, the federal government received a “B,” falling less than one point short of an “A.”
Please click here to view individual agency grades.