U.S. Government Hits Small Business Milestone
Source: PYMNTS.com, published July 3, 2015
The Small Business Administration has launched an array of new initiatives in recent months aimed at boosting small businesses in the U.S., and the efforts appear to be working. The SBA announced Wednesday (July 1) that for the second year in a row, the group reached its goal to connect SMEs with federal contractors.
Reports aid that the government awarded nearly 25 percent of all of its contracts to small businesses – the highest percentage ever since the goal of 23 percent was first set in 1997.
Those government deals amounted to $91.1 billion landing in the hands of small businesses this past fiscal year, $8 billion more than was seen from the year prior, FY2013. MORE…
Read the full story at http://www.pymnts.com/news/b2b-payments/2015/u-s-government-hits-small-business-milestone/
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