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Source : Contractor News
August 21, 2023
Author : Alex Bustillos
The annual SBA Govt scorecard measures how well the federal agencies meet the small business prime contracting and subcontracting goals.
The new scorecard highlights the Biden-Harris Administration's consistent prioritizing of inclusivity and equity in meeting the contracting goals. It includes specific targets for small, disadvantaged businesses and service-disabled veteran-owned small businesses.
According to Administer Isabella Casillas Guzman, the Biden-Harris Administration exceeded its 23% objective for small business contracting in 2022, awarding 26.5% of federal contract dollars to small companies across the federal government. This equated to an investment of $162.9 billion in the small business industry, an increase of $8.7 billion from the previous fiscal year.
The overall performance of the federal government for the year includes:
Contractor News has reported over the last fiscal year how many counties and cities across America have conducted disparity studies to address equal access to small and disadvantaged businesses.