SBA reaches contracting goal

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The U.S. Small Business Administration announced that the federal government reached its small business federal contracting goal for the second consecutive year, according to an administration news release.

The federal government awarded 24.99 percent in federal contracts to small businesses, the highest percentage of contracting dollars awarded to small businesses since the 23 percent goal was established in 1997. Small businesses received a total of $91.1 billion in federal contracts, an increase of $8 billion (over FY13) in small business contracting dollars.

Of that, 4.68 percent were awarded to women-owned small businesses, or $17.2 billion, and 9.46 percent were awarded to small disadvantaged businesses, or $34.8 billion. Also, 3.68 percent, or $13.5 billion was awarded to service disabled veteran owned small businesses.

SBA Administrator Maria Contreras-Sweet made the announcement during a press conference at the Pentagon with Frank Kendall, under secretary of defense for acquisition, technology and logistics at the Department of Defense (DOD).

“We’re celebrating the federal government’s best year ever for small business contracting and it’s a testament to the world-class services that America’s entrepreneurs are providing their government across every federal agency,” said Contreras-Sweet. “President Obama prioritized procurement at the highest levels of his administration and we’ve set a new government-wide standard as a result.”

The SBA has worked with federal agencies to expand opportunities for small businesses to compete for, and win,  federal contracts.