Five Years Running, Agencies Miss small Business Goal
June 24, 2011
Small businesses received almost $98 billion in government contracts in 2010, but agencies still missed the government wide goal.
The Small Business Administration today issued its annual report on small business contracting, which showed agencies awarded 22.7 percent of their contracts so small firms-falling just shy of the 23 percent goal. SBA said the percentage, however, was the largest increase in five years, outpacing last year's total of 21.9 percent. Agencies still have not met the executive order in April 2010 calling for more contracts to go to small firms.
And once again, agencies fell short in meeting the goals in all but one of the five socio-economic areas.
SBA said agencies awarded 7.95 percent of all contracts to small disadvantaged businesses, well above the 5 percent goal. In fact, it was almost a half-a-percent increase over 2009 totals.
But for women-owned, service-disabled, veteran-owned and Historically Underutilized Business Zone (HUBZone) goals, agencies weren't even close.