The Federal government recently announced the findings of the U.S. Small Business Administration’s (SBA) FY 2016 Small Business Procurement Scorecard, revealing the destination of the government’s contracting dollars.
“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 stated. “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.”
Along with the scorecard’s assessments, agencies and entities identify percentage goals relating to the different business classifications.
For the fiscal year ending September 30, 2016, the federal government exceeded its small business contracting goal of 23 percent for the fourth year in a row. However, contracts given to small businesses decreased from the year prior; small businesses received 24.34 percent of government contracts in 2016, down from 25.75 percent in fiscal year 2015.
Furthermore, the government did not meet its women-owned small business (WOSB) contracting goal of 5 percent in fiscal year 2016, presently awarding 4.79 percent of small business contracts to WOSBs. This comes just a year after the government exceeded its WOSB goal for the first time in history, awarding 5.05 percent or $17.8 billion of federal small business contracts in fiscal year 2015 to WOSBs.
Although the government came in under its WOSB contracting goal, women-owned small business received more contracting and subcontracting dollars ($19.67 billion) in fiscal year 2016 than in 2015; but it remains a smaller piece of the pie.
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