Federal government achieves small business procurement contracting goal for the 4th consecutive year

With 24.34 percent in federal contract dollars going to small businesses, the federal government infused $99.96 billion into small and disadvantaged businesses in 2016, an increase of over $9 billion from the previous year, according to the U.S. Small Business Administration.

“I am pleased to report that for the fourth year in a row, the federal government has exceeded its small business contracting goal,” Administrator Linda McMahon said.  “It is a win-win for federal agencies to get small business contracts into the hands of the innovative small business owners that create jobs in their communities and help to fuel the nation’s economy.”

In FY 2016, the federal government also exceeded the Small Disadvantaged Business (SDB) goal and had its highest achievement ever for percentage of contract dollars awarded to Service-Disabled Veteran-Owned (SDVO) small businesses.  Prime contract dollars in all categories increased.  The federal government also exceeded its subcontract goals for awards to women-owned and small disadvantaged businesses.

SBA has worked with federal agencies to expand opportunities for small businesses to compete for and win federal contracts.  The FY 2016 Small Business Procurement Scorecard that SBA uses to grade agencies in terms of prime contracting and subcontracting performance, as well as other factors, resulted in overall grade of “A ” for the federal government.  Seven agencies received A+, 11 received a grade of A, four received a grade of B and one agency received a grade of C.