Federal Government Exceeds 2018 SB Goals
The U.S. Small Business Administration (SBA) announced results from their Small Business Federal Procurement Scorecard. In fiscal year 2018, the federal government awarded 25.05 percent in federal prime contract dollars to small businesses, an increase from the year before.
The federal government has a small business target of awarding 23 percent of all prime contracts to small business, which each agency contributes. Agencies work with the SBA to set their prime and subcontracting goals from which their performance is measured. These goals include a mix of goals for small businesses owned by women, service-disabled veteran-owned small businesses, small disadvantaged businesses, and small businesses located in Historically Underutilized Business Zones (HUBZones).
In 2018 the scorecard showed that the prime contract dollar awards in all small business categories increased from the previous year. The federal government also surpassed its subcontract goals, awarding more than $79 billion in subcontracts to all small businesses.
The highest scoring agencies, those who meet or exceed their 2018 goals were the Departments of Commerce, Education, Homeland Security, Housing and Urban Development, Labor, Interior, Treasury, and Small Business Administration. The National Science Foundation was the lowest scoring agency reaching only 85 percent of their small business goals.
SBA continuously seeks to collaborate with federal agencies to expand small business opportunities for small business contractors to compete and win federal contracts. The individual agency scorecards released by the SBA, as well as a detailed explanation of the methodology are available at https://www.sba.gov/document/support–small-business-procurement-scorecard-overview.