Federal Government exceeded its Small Business Contracting Goal

WASHINGTON, Aug. 12, 2020 /PRNewswire/ — Today, the U.S. Small Business Administration announced that the federal government exceeded its small business federal contracting goal, awarding 26.50 percent or $132.9 billion in federal contract dollars to small businesses, over $12 billion increase from the previous fiscal year. Additionally, the Fiscal Year 2019 Small Business Federal Procurement Scorecard marks the second time in Scorecard history that the women-owned small business contracting goal of 5% has been met*. The federal government also added a record-breaking one million jobs to the American economy with $132.9 billion in prime contract dollars awarded to small businesses and $90.7 billion in subcontracts awarded. Overall, the federal government earned an “A” on this year’s government-wide Scorecard. A copy of the document is available at https://www.sba.gov/sites/default/files/2020-08/G-W.pdf