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Agencies set records for small business contracting in 2023
Manage episode 415678873 series 2701908
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Agencies, once again, set new records almost across the board for contracting with small businesses in fiscal 2023. New data from the Small Business Administration shows agencies awarded an all-time high of 28.4% of all eligible federal contract dollars to small businesses.
At the same time, SBA’s new small business scorecard data shows agencies met or surpassed governmentwide goals in three of five socio-economic category, including service disabled veteran-owned small businesses.
In all, agencies awarded $178.6 billion to small businesses last year, which is an increase of $15.7 billion from 2022. The governmentwide small business contracting goal is 23%. House Small Business Committee lawmakers recently passed a bill to increase that goal to 25%.
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