Feds Exceed 23% Contracting Goal

July 27, 2022

Earlier this week, the U.S. Small Business Administration (SBA) released their annual scorecard of federal contracting with America‚Äôs small businesses. 

According to the scorecard, 27.2 percent of federal contracts went to small businesses over the last fiscal year. This equates to approximately $154.2 billion in federal contract dollars – $8 billion more than last year – producing an estimated one million jobs for Americans.

SBA sets contracting goals for each agency and works with government buyers to ensure they prioritize small businesses, with 11 federal agencies earning an A+ and 10 others earning an A, including the Department of Transportation, the Department of Homeland Security, NASA, and the Department of Defense.

In addition to the top marks for small business support across the government and its agencies, SBA shared a number of other small-business success statistics, including: 11 percent of federal contracts being awarded to small disadvantaged businesses; almost five percent to service-disabled Veteran-owned small businesses; $14.3 billion in historically underutilized business zones; and $26 billion of total eligible dollars to women-owned small businesses for FY21.

While these achievements and an overall increase in the dollar value of small-business awards are achievements to celebrate, the absolute number of small businesses receiving prime contracts with the federal government decreased again, continuing a more than 10-year trend of decreases in small-business vendors.

Read the full SBA report here.