Federal Government Exceeds Small Business Contracting Goals by Awarding Record-Breaking $132.9 Billion to Small Businesses
The U.S. Small Business Administration announced that the federal government exceeded its small business federal contracting goal, awarding 26.50 percent or $132.9 billion in federal contract dollars to small businesses, over $12 billion increase from the previous fiscal year. Additionally, the Fiscal Year 2019 Small Business Federal Procurement Scorecard marks the second time in Scorecard history that the women-owned small business contracting goal of 5% has been met.
The federal government also added a record-breaking one million jobs to the American economy with $132.9 billion in prime contract dollars awarded to small businesses and $90.7 billion in subcontracts awarded. Overall, the federal government earned an “A” on this year’s government-wide Scorecard.
Thank you all for the work you do and for your support in building and maintaining a strong small business community!!
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