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Small Businesses Won Record $93.3 Billion in Federal Contracts
More Than Half of Federal Agencies Met 2008 Small Business Goal In SBA's-Annual Contracting Scorecard
WASHINGTON - Small businesses won a record $93.3 billion in federal
prime contracts in Fiscal Year 2008, an increase of almost $10 billion from 2007, according to the U.S. Small Business Administration's third annual small business procurement scorecard, released. In addition, small disadvantaged businesses, women-owned businesses and service-disabled veteran-owned businesses increased their share of federal contracting dollars by at least $1 billion to $3 billion.
"This record $93.3 billion in contracts to small businesses is
significant, however, across the federal government we are committed to
ensuring that the 23 percent goal is met and even exceeded going
forward," SBA Administrator Karen Mills said. "Especially during these
tough economic times, federal contracts for small businesses can be just
the opportunity they need to continue to grow and create jobs. At the
same time, the federal government gets access to some of the most
innovative and best products and services."
Earlier this week, the Obama Administration reaffirmed its commitment to
ensuring that minority-owned businesses, small businesses, including
women and veteran-owned businesses have greater access to federal
government contracting opportunities. Commerce Secretary Gary Locke and
SBA Administrator Karen Mills announced a government-wide plan that
includes federal agency procurement officials holding or participating
in more than 200 events over the next 90 days to share information on
government contracting opportunities, including those available under
the American Recovery and Reinvestment Act.
"President Obama has made a commitment to ensuring that small businesses
have greater access to federal contracting opportunities and it is a
commitment shared across this Administration," Mills said. "We have
already begun taking aggressive steps to connect small businesses with
contracting opportunities, as well as increase our outreach to federal
agency procurement officers to make sure they get the information and
tools they need to help them connect with these good, innovative small
companies."
Small Business Goaling Summary Report
Category Goal 2007 2007 2008 2008
Small
Businesses 23% 22% $83.2b 21.50% $93.2B
Small
Disadvan-
taged
Businesses 5% 6.6% $24.9b 6.76% $29.3B
Women 5% 3.4% $13b 3.40% $14.7B
Service-
disabled
Vets 3% 1.01% $3.8b 1.49% $6.4B
HUBZone 3% 2.2% $8.5b 2.34% $10.1B
