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Source : GSA
March 25, 2022
Author : Alex Bustillos
On Thursday, the General Services Administration, or GSA, announced they would increase procurement goals for Small Disadvantaged Businesses from 5 percent to 21 percent.
“This is an ambitious goal - but ambitious goals are exactly what we need to promote equity and increase small and small disadvantaged business participation in the federal marketplace across all categories,” said Exodie C. Roe III, Associate Administrator of the Office of Small & Disadvantaged Business Utilization.
“GSA has an impressive track record of meeting and exceeding small business benchmarks: obligating over 46 percent of GSA spend to small business and just over 20 percent to small disadvantaged business in FY21. These achievements are more than just numbers; they represent real opportunities for businesses and communities across the country. We’re grateful for SBA’s partnership as we continue to promote increased opportunities in federal contracting,” he added.
The move follows a June, 2021 announcement by the Biden Administration to “drive an additional $100 billion to small disadvantaged business owners.”