The U.S. Small Business Administration announced last week that the federal government reached its small business federal contracting goal for the fourth consecutive year, awarding 24.34 percent in federal contract dollars to small businesses totaling $99.96 billion, an increase of over $9 billion from the previous year.
“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 prime contract goal achievements by dollars and percentages for all categories are as follows:
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.
The federal government fell short in awarding contracts to HUBZone businesses and woman-owned, small businesses (WOSBs), like Management Solutions. That is why Misty Mayes and other female entrepreneurs from across the country continue to partner with Women Impacting Public Policy (WIPP). We must partner with government procurement to set aside more contracts for qualified WOSBs.