The Small Business Administration (SBA) announced that the federal government reached its annual small business contracting goal for the first time in eight years, equating to $83.1 billion of eligible contracting dollars. Unfortunately, the feds did fall short in two prime contracting categories: female owned small businesses and historically underutilized business zones (HUBZone). Female owned small businesses received 4.32 % out of 5.00% and HUBZone received a 1.76% falling short of their 3.00% goal, Three federal agencies did, however, receive an “A” grade from the SBA for meeting or surpassing their specific small business government contracting goal for the first time. For more information on how SBA scores federal agencies, please review the Small Business Procurement Scorecard.
The SBA works with federal government agencies and aims to hold them accountable for providing small businesses the opportunities they need and deserve by setting prime and subcontracting goals in which agencies are expected to reach every two years. Each agency has a different small business contracting goal and every two years, the SBA assesses and grades each agency based upon their specific goals.
SBA Administrator Maria Contreras-Sweet applauded the progress made saying, “When we hit our small business procurement target, it’s a win. Small Businesses get the revenue they need to grow and create jobs, and the federal government gets the change to work with some of the most responsive, innovative and nimble companies in the U.S. while the economy grows."
For more information on the results of the small business procurement scorecard results please visit our partners at the federal level, National Small Business Association (NSBA), weekly update.
COSE applauds improvements made by the federal government that create further opportunities for small businesses and stimulate America’s economy; we encourage agencies to further support the backbone of America’s economy, small businesses.
2013 Procurement Scorecard Results