In 2014, Federal Government Awarded 24.99% in Federal Contracts to Small Businesses

Federal Government Achieves Small Business Procurement Contracting Goal for 2nd Consecutive Year

The U.S. Small Business Administration today announced that the federal government reached its small business federal contracting goal for the second consecutive year. 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 FY 2013) in small business contracting dollars.

SBA Administrator Maria Contreras-Sweet made the announcement today 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). DOD received an “A” on the procurement scorecard for its contract goal achievements.

“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.”

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Source: US SBA, Released June 26, 2015


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