“The federal government exceeded its overall small business contracting goals for the seventh consecutive year in fiscal 2019 by awarding $132.9 billion in prime contracts, which was an increase of more than $12 billion from the previous year.”
“On August 12, the Small Business Administration reported that in fiscal 2019 federal agencies awarded 26.5% of total prime contract dollars to small businesses, which surpassed the goal of 23%. Additionally, agencies broke records for prime contracts awarded to women-owned, service-disabled veteran-owned and small disadvantaged businesses.”
“The federal prime and subcontracts awarded to small businesses in fiscal 2019 equate to more than 1 million jobs created,” SBA Administrator Jovita Carranza said. “Every contract that gets in the hands of a small business is a win-win for our nation, entrepreneurs and their employees, and the communities they support. This is especially important now, as…” Read the full article here.
Source: Government Surpasses Small Business Contracting Goals in Fiscal 2019 for Seventh Year – By Courtney Bublé, August 18, 2020. Government Executive.
